Eurocash, PKO Bank, Tauron: 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 was little changed, the Czech PX Index jumped 1.7 percent, as did Hungary’s BUX Index.

Eurocash SA (EUR) : Poland’s largest distributor of non- durable consumer goods was rated “reduce” in new coverage at Raiffeisen Centrobank AG. Its stock was unchanged at 23.8 zloty.

PKO Bank Polski SA (PKO PW): The Polish government may sell fewer shares of its largest bank than earlier planned, Gazeta Wyborcza reported, without saying where it got the information. The decision whether to reduce the September offering of 15 percent will be made next week, the newspaper said. PKO shares declined 0.5 percent to 37.39 zloty.

Tauron Polska Energia SA (TPE) : Poland’s second-largest power utility said first-half net income rose to 704 million zloty ($245 million) from 481.8 million zloty a year earlier. That compares with the 680 million-zloty mean estimate of eight analysts surveyed by Bloomberg. The company’s shares lost 1.1 percent to 5.4 zloty.

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

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

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