Azoty, Ciech, Comarch, Emperia 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 gained 0.6 percent as did the Czech PX Index. Hungary’s BUX Index declined 0.7 percent.

Azoty Tarnow (ATT PW): The Polish chemical company won’t place a bid to buy GZNF Fosfory from the country’s largest chemicals maker Ciech SA (CIE PW), Parkiet reported, citing Azoty Chief Executive Officer Jerzy Marciniak. Azoty rose 0.9 percent to 17.2 zloty. Ciech fell 0.5 percent to 25.86 zloty,

Comarch SA (CMR PW): The Polish software developer had its recommendation raised to “hold” from “sell” at ING Groep NV, which cited a decline in the share price in the past two months. Comarch declined 0.5 percent to 77.6 zloty.

Emperia Holding SA (EMP PW): The Polish food and household- goods distributor that rejected a takeover offer from Eurocash SA forecasts net income of 89 million zloty ($30 million) on sales of 6 billion zloty this year, rising to 172 million zloty and 8 billion zloty in 2012 respectively.

Separately, Emperia said it would pay dividends per share of 2.37 zloty a share from this year’s profit, 3.56 zloty from next year and 4.56 zloty from 2012. Emperia jumped 3.4 percent to 102.9 zloty.

Petrolinvest SA (OIL PW): The Polish company that’s drilling for oil in Kazakhstan signed a preliminary agreement to buy a 50 percent stake in Bogorodskneft, based in Saratov, Russia. Petrolinvest declined 0.3 percent to 12.13 zloty.

Polish Energy Partners SA (PEP PW): The Polish alternative- energy utility was downgraded to “sell” from “hold” at Citigroup Inc. Its shares fell 1.5 percent to 34.78 zloty.

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

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