Action, Erbud, Ruch, Zachodni May Move: Central European Equity Preview

The following is a list of companies whose shares may have unusual price changes in central European markets. Stock symbols are in parentheses after company names. Share prices are from the last close.

Poland’s WIG20 Index fell 0.3 percent, the Czech PX Index declined 0.2 percent and Hungary’s BUX Index gained 0.3 percent.

Action SA (ACT PW): The Polish computer hardware distributor was upgraded to “buy” from “accumulate” at Erste Group Bank AG. Action climbed 0.6 percent to 18.05 zloty.

Bank Zachodni WBK SA (BZW PW): Moody’s Investors Service will review the long-term bank-deposit ratings of Poland’s third-largest bank by market value for a possible upgrade after Banco Santander SA announced plans to buy a majority stake from Allied Irish Banks Plc. Zachodni rose 0.7 percent to 215.4 zloty.

Erbud SA (ERB PW): The Polish builder signed an 87.9 million-zloty agreement for construction at Warsaw’s Modlin airport. Erbud rose 0.1 percent to 50.9 zloty.

Ruch SA (RCH PW): Lurena Investments Sp. z o.o., owned by Eton Park Capital Management LP funds, bought an 87 percent stake in the kiosk chain that sells almost half of Poland’s newspapers. Ruch shares increased 1.7 percent to 10.4 zloty.

To contact the reporters on this story: Pawel Kozlowski in Warsaw pkozlowski@bloomberg.net; Nathaniel Espino in Warsaw nespino@bloomberg.net

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