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PBG Builder Jumps as CEO Wisniewski Plans to Raise His Stake

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Jan. 16 (Bloomberg) -- PBG SA, Poland’s third-largest building company, extended gains to become the best-performing stock in Warsaw’s benchmark index this year as Chief Executive Officer Jerzy Wisniewski announced plans to raise his stake.

PBG climbed as much as 2.4 percent to 81.85 zloty and traded 2.1 percent higher at 81.6 zloty as of 1:35 p.m. in Warsaw. The shares have gained 15 percent this year, while the WIG20 Index rose 1.1 percent.

Wisniewski, who started buying PBG shares last year, told daily Parkiet he would continue purchasing the stock in the first quarter if the price remains close to current levels. He wants to raise his holding to 8.5 million voting rights from 7.6 million now, according to the report.

To contact the reporter on this story: Piotr Bujnicki in Warsaw pbujnicki@bloomberg.net

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

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