Bloomberg News

PKO Bank Climbs From 10-Month Low as Poland Announces Sale Plan

July 19, 2011

July 19 (Bloomberg) -- PKO Bank Polski SA rose from a 10- month low after Poland said it will sell as much as 15 percent of its largest bank on the Warsaw Stock Exchange this year.

Earlier the Treasury Ministry said it may sell a maximum of 26 percent in the second half of September.

PKO rose as much as 1.6 percent to 40.59 zloty and traded 1.4 percent higher at 40.52 zloty at 9:02 a.m. in Warsaw.

To contact the editor responsible for this story: Pawel Kozlowski at pkozlowski@bloomberg.net


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