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Hydrobudowa Falls as Creditor Files for Its Bankruptcy

Hydrobudowa Polska SA, the unit of Poland’s third-largest builder PBG SA, lost the most in more than two weeks in Warsaw after a creditor filed a motion for its bankruptcy.

The shares declined as much as 9.1 percent, falling the most since April 23, and traded 5.5 percent lower at 9:15 a.m. in Warsaw.

The Polish unit of German pipe maker KSB AG filed for bankruptcy of Hydrobudowa, the PBG subsidiary said in a regulatory statement today.

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