Azoty, Bioton, Police, TVN: Central European Equity 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.
Azoty Tarnow (ATT PW): The Polish state-controlled chemical producer was cut to “hold” from “buy” at ING Groep NV. Azoty declined 0.9 percent to 31.22 zloty.
Bioton SA (BIO) : Shareholders of Poland’s largest biotechnology company approved a capital increase of as much as 319.1 million zloty ($101 million) through the issue of up to 1.6 billion warrants for Bioton shares to Troqueera Enterprises Ltd. Bioton jumped 13 percent to 0.09 zloty.
Jastrzebska Spolka Weglowa SA (JSW PW): ArcelorMittal, the world’s largest steelmaker, may temporarily shut one of two blast furnaces at its plant in Dabrowa Gornicza, southern Poland, Gazeta Wyborcza reported, citing Sylwia Winiarek, the Polish unit’s spokeswoman. Jastrzebska, Poland’s biggest producer of coking coal for the steel industry, declined 2.3 percent to 91.4 zloty.
TVN SA (TVN) : Poland’s biggest television network was downgraded to “hold” from “buy” at Deutsche Bank AG. TVN shares gained 2.8 percent to 14.7 zloty.
Zaklady Chemiczne Police SA (PCE) : The Polish state- controlled chemical producer was cut to “sell” from “buy” at ING. Its shares increased 1.7 percent to 10.58 zloty.
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