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Cyfrowy, Kredyt Bank, OTP Bank: Central European Equity Preview

Oct. 4 (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 1.9 percent, the Czech PX Index declined 1.8 percent and Hungary’s BUX Index lost 1.7 percent.

Cyfrowy Polsat SA (CPS PW): The owner of Poland’s second-largest television network was upgraded to “buy” from “hold” at Citigroup Inc. Its shares fell 1.2 percent to 14.76 zloty.

Kredyt Bank SA (KRB PW): KBC Groep NV may get less than the projected 1.2 billion euros ($1.6 billion) for its Polish units Towarzystwo Ubezpieczen i Reasekuracji Warta SA and Kredyt Bank, L’Echo reported. KBC is in talks with Santander about the sale of the two Polish units, according to the newspaper. Kredyt Bank lost 1.5 percent to 12.31 zloty.

LPP SA (LPP PW): Poland’s largest publicly traded clothing retailer said its September sales rose 14 percent from a year earlier to about 196 million zloty ($59 million). LPP shares declined 1.3 percent to 1,950 zloty.

NG2 SA (CCC PW): Poland’s biggest publicly traded shoe retailer reported that its September revenue fell 14 percent from a year earlier to 103.2 million zloty. Its shares lost 0.2 percent to 42.3 zloty.

OTP Bank Nyrt. (OTP HB): The Hungarian Banking Association asked the country’s Constitutional Court for a fast-track review of a law allowing early repayment of foreign-currency mortgages at discount rates, the lobby group said in an e-mailed statement. OTP, Hungary’s largest bank, declined 5.9 percent to 3,055 forint.

To contact the reporters on this story: Maciej Martewicz in Warsaw at mmartewicz@bloomberg.net; Pawel Kozlowski in Warsaw pkozlowski@bloomberg.net

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

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