Bloomberg News

Polish Stock Movers: KGHM Polska Miedz, Magna Polonia, TVN

October 31, 2011

Oct. 31 (Bloomberg) -- Poland’s WIG20 Index dropped 37.73, or 1.6 percent, to close at 2,371.57 at 5:30 p.m. in Warsaw, falling for a second day.

The following are among the most active stocks on the Warsaw Stock Exchange today. Stock symbols follow company names.

KGHM Polska Miedz SA (KGH PW), the copper producer with the largest European mine output, fell 4 zloty, or 2.5 percent, to 154.5 zloty, declining for the first time in four days. The price of the metal fell the most in a week on concern that European leaders will struggle to raise funds to contain the region’s debt crisis, dimming prospects for commodity demand.

NFI Magna Polonia SA (06N PW) jumped 0.1 zloty, or 35.7 percent, to 0.38 zloty, rising the most in almost three years. The Polish investment company sold its 61 percent stake in Info- TV- FM Sp. z o.o., an owner of a mobile-TV license, for 17.7 million zloty ($5.7 million).

TVN SA (TVN PW), Poland’s biggest television network, slumped the most in more than two months, declining 1.47 zloty, or 10 percent, to 12.73 zloty. France’s Vivendi SA plans to take control of ITI Holdings SA, which owns 56 percent of TVN, in two moves by 2017, Warsaw-based Parkiet newspaper reported, adding that a public bid for TVN would be announced within six years. TVN, ITI and Vivendi’s unit Canal Plus announced last week they are starting talks about “strategic partnership” after earlier this year ITI said it might sell its stake in TVN.

--Editors: James Kraus, Peter Branton

To contact the reporters on this story: Maciej Martewicz in Warsaw at mmartewicz@bloomberg.net; Monika Rozlal in Warsaw at mrozlal@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net


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