Bank BPH, GTC, Bank Zachodni: Central European Equity Preview
The following is a list of companies whose shares may have unusual price changes in central European markets. Stock symbols are in parentheses after company names. Share prices are from the last close.
Bank BPH SA (BPH) : General Electric Co. has no plans to sell its lending unit because Poland is a key market, Puls Biznesu newspaper cited Richard Laxer, president of GE Capital Corp. in Europe, Middle East and Africa, as saying. The bank declined less than 0.1 percent to 39.29 zloty.
Bank Zachodni WBK SA (BZW) : The Polish unit of Banco Santander SA had its long-term issuer default rating downgraded to BBB from A- at Fitch Ratings with a stable outlook yesterday, following Fitch’s downgrade of the Polish lender’s parent. The stock rose 1.8 percent to 232 zloty.
Globe Trade Centre SA (GTC) : Poland’s second-largest property developer by market value signed a preliminary agreement to sell its Warsaw property, Platinium Business Park, for 173.4 million euros ($219.3 million), the company said in a regulatory statement late yesterday. The shares jumped 3.3 percent to 6.3 zloty.
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