Aug. 6 (Bloomberg) -- 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.
Poland’s WIG20 Index fell 0.3 percent, the Czech PX Index dropped 0.7 percent and Hungary’s BUX Index dropped 1.8 percent.
Elektrobudowa SA (ELB PW): The power engineering company said ING Groep NV’s Polish pension fund cut its stake to 12.8 percent from 16.8 percent. Assicurazioni Generali SpA’s Polish fund increased its stake in Elektrobudowa to 5.8 percent from 4.9 percent, the company said in a separate statement. Its shares jumped 3.5 percent to 177 zloty.
Erste Group Bank AG (RBAG CP): Austria’s biggest publicly listed lender was cut to “hold” from “buy” at Citigroup Inc. Its shares declined 1.2 percent to 765 koruna in Prague trading.
Bank Handlowy SA (BHW PW): The Polish unit of Citigroup Inc. said second-quarter net income more than doubled to 198.4 million zloty ($66 million), the bank said in a regulatory statement. That compares with the 173.7 million-zloty mean estimate of seven analysts surveyed by Bloomberg. Handlowy shares rose 0.8 percent to 78.7 zloty.
PKN Orlen SA (PKN PW): Poland may allow the country’s biggest refiner to sell Orlen Lietuva, its Lithuanian unit, Deputy Treasury Minister Mikolaj Budzanowski told Parkiet. Orlen shares were little changed at 41.94 zloty.
Telekomunikacja Polska SA (TPS PW): Poland sold its entire 4.15 percent stake in the country’s top phone company for 884.9 million zloty on the Warsaw Stock Exchange, said Maciej Wewior, a spokesman for the Treasury Ministry. Telekomunikacja added 2.1 percent to 16.8 zloty.
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