Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

CEZ, Enea, KGHM, Magyar Telekom: Central Europe Equity Preview

Dec. 17 (Bloomberg) -- The following are companies whose shares may have unusual price changes in central European markets. Stock symbols are in parentheses after company names. Share prices are from yesterday’s close.

Poland’s WIG20 Index fell 1.1 percent, the Czech PX Index climbed 0.6 percent and Hungary’s BUX Index lost 0.3 percent.

CEZ AS (CEZ CP): The Czech Republic’s largest power producer said new taxes on carbon credits and solar energy will cut its profit by 4.6 billion koruna ($243 million) next year, Hospodarske Noviny reported, citing CEZ director Daniel Benes. CEZ shares gained 1.7 percent to 763 koruna.

Enea SA (ENA PW): Poland will try to complete this year the sale of the country’s third-largest utility to increase revenue from state-asset sales, Dziennik Gazeta Prawna reported, citing a person familiar with the transaction. Enea slid 1.2 percent to 23.85 zloty.

KGHM Polska Miedz SA (KGH PW): The copper producer with the biggest European mine output was downgraded to “neutral” from “buy” at Goldman Sachs Group Inc. KGHM shares slumped 3.4 percent to 154 zloty.

Magyar Telekom Nyrt. (MTEL HB): Hungary’s former phone monopoly, controlled by Deutsche Telekom AG, said its treasury share holding dropped to 419,747 shares from 1,503,541 shares after it awarded shares to employees as part of a company bonus plan. Magyar Telekom rose 1.6 percent to 521 forint.

Tauron Polska Energia SA (TPE PW): Poland’s second-largest power utility will join Warsaw’s WIG20 Index after the Dec. 17 session, replacing insulin maker Bioton SA (BIO PW), according to a Warsaw exchange statement on Nov. 9.

Separately, Tauron signed a five-year agreement with banks to sell 1.3 billion zloty of bonds. Tauron advanced 2.4 percent to 6.79 zloty and Bioton slumped 5.9 percent to 0.16 zloty.

Polskie Gornictwo Naftowe i Gazownictwo SA (PGN PW): Poland’s dominant natural gas company said the country’s energy regulator cut the price of gas in the first quarter by an average of 3.2 percent. Gornictwo fell 0.3 percent to 3.66 zloty.

To contact the reporters on this story: David McQuaid in Warsaw dmquaid1@bloomberg.net; Pawel Kozlowski in Warsaw pkozlowski@bloomberg.net

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

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.