Energomontaz, KGHM, Mol, PBG May Be Active: Central Europe Stock 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.
KGHM Polska Miedz SA (KGH PW): Poland’s only copper producer will publish an updated forecast of 2010 earnings on Dec. 6, Parkiet reported Dec. 4, citing Chief Executive Officer Herbert Wirth. KGHM shares rose 2.6 percent to 144.9 zloty.
Mol Nyrt. (MOL HB): Hungary’s largest oil refiner had its long-term foreign and local-currency credit grade confirmed at ‘BBB-’ at Fitch Ratings, with a stable outlook. Fitch confirmed the credit grade after Mol made a bid for all outstanding publicly traded shares of its Croatian unit. Mol shares rose 6.8 percent to 19,805 forint.
PBG SA (PBG PW): Poland’s largest construction company by value said its offer for shares held by two minority shareholders in Energomontaz-Poludnie SA (EPD PW) hasn’t been accepted and it will examine “various options for resolving this deadlock,” Parkiet reported, citing Jacek Krzyzaniak, a spokesman. PBG advanced 1.4 percent to 223 zloty, while Energomontaz gained 0.5 percent to 3.9 zloty.
PGE SA (PGE PW): Poland’s largest power company postponed the sale of its phone unit Exatel SA until next year in order to give bidders more time to carry out due diligence checks, Puls Biznesu reported, citing a person familiar with the transaction. PGE increased 1.2 percent to 22.55 zloty.
TVN SA (TVN PW): Poland’s publicly traded television network was upgraded to “overweight” from “neutral” at JPMorgan Chase & Co. TVN shares gained 1.7 percent to 17 zloty.
To contact the editor responsible for this story: Gavin Serkin at email@example.com