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Boryszew May Replace PBG in Warsaw’s WIG20 Index, Trigon Says

Boryszew SA (BRS), the chemical and automotive company controlled by Polish billionaire Roman Karkosik, may replace PBG SA (PBG) in Warsaw’s benchmark WIG20 Index (WIG20) in March, Trigon brokerage said in an e-mailed research note.

The criteria for joining the index include free float and trading volume, according to the rules of the Warsaw Stock Exchange. The ranking will be prepared on Jan. 31 and the revision will take place after the close of the session on March 16.

The industrial group Boryszew makes products ranging from antifreeze to forklifts while PBG is the Poland’s third-largest building company.

PBG shares, the best-performing stock in WIG2O Index this year, fell 1.1 percent to 83 zloty at 3:12 p.m. in Warsaw trading while Boryszew stocks were unchanged at 0.73 zloty.

To contact the reporter on this story: Piotr Bujnicki in Warsaw at pbujnicki@bloomberg.net

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

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