BGZ, Cheapest Polish Bank, Jumps on Warsaw Bourse Debut
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Bank Gospodarki Zywnosciowej SA, the Polish unit of Rabobank Groep, jumped as much as 6 percent in Warsaw trading after the government sold 312 million zloty ($111 million) of shares in an initial public offering.
The shares climbed to 63.6 zloty and traded at 61.4 zloty by 10:44 a.m. in Warsaw, valuing the bank at 2.65 billion zloty.