Trakcja Builder Drops on Report Radziwill May Step Down as CEO

Trakcja-Tiltra SA (TRK), the Polish railway and road builder, declined the most in two weeks after Maciej Radziwill said in an interview with Parkiet newspaper that he may “soon” step down as chief executive officer.

The shares fell as much as 4.7 percent to 1.02 zloty, the steepest loss since April 23, and traded 0.9 percent weaker at 9:28 a.m. local time, valuing the company at 246 million zloty ($76.3 million).

Radziwill may take a post of a chairman or a member of the company’s supervisory board, Parkiet cited him as saying.

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

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