Budimex, Handlowy, Netia, PGNiG: Central European Stock 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.

Poland’s WIG20 Index declined 0.1 percent and the Czech PX Index fell 0.3 percent. Hungary’s BUX Index fell 0.3 percent.

Bank Handlowy SA (BHW PW): Shareholders of Citigroup Inc.’s Polish unit approved a dividend of 5.72 zloty per share from the bank’s 2010 profit. Handlowy fell 0.1 percent to 96.4 zloty.

Budimex SA (BDX PW): Shares of Poland’s biggest publicly traded construction company trade without the right to 2010 dividend for the first day. Budimex fell less than 0.1 percent to 101.2 zloty.

LPP SA (LPP PW): Poland’s largest publicly traded clothing retailer reported sales from January through May totaled 885 million zloty ($321 million), rising 22 percent from the same period last year. LPP shares rose 0.5 percent to 2,371 zloty.

Netia SA (NET PW): Shareholders of Poland’s second-largest fixed-line phone company will vote on a plan to buy back as much as 350 million zloty of shares. Netia dropped 1 percent to 5.69 zloty.

Polskie Gornictwo Naftowe i Gazownictwo SA (PGN PW): Poland’s dominant gas company plans to spend as much as 30 billion zloty through 2015 to execute its new strategy, which it’s set to announce in the second half of this year, Puls Biznesu reported, without saying where it got the information. Its shares were unchanged at 4.38 zloty.

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