KGHM, Komercni, Rompetrol, OTP: Central Europe Equity Preview

The following is a list of companies whose shares may undergo 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 (WIG20) advanced 0.3 percent, the Czech PX Index (PX) climbed 0.2 percent and Hungary’s BUX Index (BUX) rose 0.5 percent.

Enea SA (ENA) : Poland’s third-largest power utility may work with PKN Orlen SA (PKN) on one of the country’s biggest oil company’s shale gas exploration licenses, Dziennik Gazeta Prawna reported, without saying where it got the information. The two companies may sign a cooperation agreement within two months, the newspaper said. Enea fell 0.5 percent to 17.68 zloty and Orlen increased 0.4 percent to 36.16 zloty.

KGHM Polska Miedz SA (KGH) : Shareholders of Canada’s Quadra FNX Mining Ltd. (QUX) will probably support a $2.86 billion takeover bid made by Poland’s sole copper producer KGHM at a Feb. 20 general meeting, Rzeczpospolita reported today, citing Quadra Chief Executive Officer Paul Blythe. KGHM gained 0.2 percent to 135.3 zloty.

Komercni Banka AS (KOMB) : Fourth-quarter net income at the Czech unit of Societe Generale SA fell to 2.43 billion koruna ($222 million), missing the 3.09 billion-koruna median estimate from 10 analysts surveyed by Bloomberg. The shares of the country’s third-largest lender declined 0.1 percent to 3,677 koruna.

OTP Bank Nyrt. (OTP) : Hungary’s largest lender was cut to “neutral” from “buy” at UBS AG. The shares rose 2.4 percent to 4,026 forint.

Rompetrol Rafinare SA (RRC) : Romania’s second-biggest oil refiner said its fourth-quarter consolidated net loss widened to $139 million compared with $59.6 million a year earlier. The shares slipped 0.5 percent to 0.414 leu.

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

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