Poland’s WIG20 Index (WIG20) fell 5.50 points, or 0.3 percent, to 2,182.10 as of 2:54 p.m. in Warsaw, extending this week’s drop to 2 percent.
The following are among the most active stocks on the Warsaw Stock Exchange today. Stock symbols follow company names.
Europa SA (ERP) surged the most in 15 months, climbing 21 percent to 184.8 zloty, after Getin (GTN) Holding SA agreed to sell a majority stake in the insurer to Talanx International AG and Meiji Yasuda Life Insurance for 911.9 million zloty ($260 million), or 193 zloty a share.
Getin (GTN PW), the financial-services group controlled by billionaire Leszek Czarnecki, jumped 7.5 percent to 6.77 zloty.
KGHM Polska Miedz SA (KGH) , the copper producer with the biggest European mine output, declined for a third day, losing 0.9 percent to 122.2 zloty. Copper fell to a two-week low in New York on speculation Europe’s debt crisis will erode demand for industrial metals.
PGE SA (PGE) rose for the first time this week, adding 1.9 percent to 20.07 zloty. Poland’s Treasury Ministry may allow the country’s largest utility to abandon plans to acquire its state-owned rival Energa SA after the antitrust regulator blocked the proposed transaction last year, Dziennik Gazeta Prawna reported, without saying where it got the information.
PKN Orlen SA (PKN) , Poland’s biggest oil company, lost 2.5 percent to 36.29 zloty, heading for the lowest close in more than two months. Oil fell from a one-week high in New York as the Organization of Petroleum Exporting Countries agreed to raise its production ceiling, moving the group’s supply target nearer to current output levels.
TVN SA (TVN) , Poland’s biggest television network, fell 1.7 percent to 8.95 zloty, the lowest level since April 2009. ITI Holdings SA’s supervisory board agreed to sign a deal with Vivendi SA’s Canal Plus to sell a minority stake in N-Vision BV, which owns 51 percent of TVN, Rzeczpospolita reported, without saying where it got the information. The company will announce details of the deal on Dec. 15, according to the newspaper.
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