Breaking News

Tweet TWEET

Hydrobudowa Falls as Creditor Files for Its Bankruptcy

(Corrects headline and first paragraph to show that a creditor filed for Hydrobudowa’s bankruptcy.)

Hydrobudowa Polska SA (HBP), the unit of Poland’s third-largest builder PBG SA, lost the most in more than two weeks in Warsaw after a creditor filed a motion for its bankruptcy.

The shares declined as much as 9.1 percent, falling the most since April 23, and traded 5.5 percent lower at 9:15 a.m. in Warsaw.

The Polish unit of German pipe maker KSB AG (KSB) filed for bankruptcy of Hydrobudowa, the PBG subsidiary said in a regulatory statement today.

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

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.