Gornictwo, PGE, PKO Bank Polski: Central European Equity Preview
The following is a list of companies whose shares may undergo unusual price changes in central European markets. Stock symbols are in parentheses after company names. Share prices are from the last close.
PGE SA (PGE) : Poland’s biggest electricity company is working on a 2 billion euros ($2.52 billion) bond sale plan, Chief Financial Officer Wojciech Ostrowski said in an interview with the Parkiet newspaper.
The company may also set a new zloty bond sale plan at the end of this year as one of its two current debt sale programs will end in November 2013, Ostrowski said. PGE will first sell zloty bonds before selling notes denominated in euros, Parkiet cited him as saying. PGE fell 1.5 percent to 17.15 zloty.
Polskie Gornictwo Naftowe i Gazownictwo SA (PGN PW): Poland’s biggest natural gas distributor will invest about 50 billion zloty ($14.5 billion) over the next 10 years, Parkiet reported, citing Slawomir Hinc, the company’s chief financial officer. PGNiG, as the company is known, slumped 2.9 percent to 3.66 zloty.
PKO Bank Polski SA (PKO) : Poland’s largest lender is interested in takeovers of the country’s pension funds to increase its share of this market, Rzeczpospolita newspaper said, citing Pawel Borys, managing director of investments and corporate business development department. Two pension funds, PTE Polsat and PTE Warta, are currently up for sale, the newspaper said. PKO rose 2.2 percent to 31.16 zloty.
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