Already a Bloomberg.com user?
Sign in with the same account.
Dec. 14 (Bloomberg) -- Poland’s WIG20 Index fell 13.66 points, or 0.6 percent, to 2,173.94 at the close in Warsaw, extending this week’s drop to 2.4 percent.
The following are among the most active stocks on the Warsaw Stock Exchange today. Stock symbols follow company names.
Enea SA (ENA PW) fell 2.5 percent to 18.2 zloty, the steepest drop in almost a month. Poland will decide on the sale of its further stake in the country’s third-largest utility in the first quarter of next year, Treasury Minister Mikolaj Budzanowski said, adding the government doesn’t exclude a possibility of selling shares on the Warsaw bourse.
Europa SA (ERP PW) surged the most in 15 months, climbing 21 percent to 185.5 zloty, after Getin Holding SA agreed to sell a majority stake in the insurer to Talanx International AG and Meiji Yasuda Life Insurance for 911.9 million zloty ($260 million), or 193 zloty a share.
Getin (GTN PW), the financial-services group controlled by billionaire Leszek Czarnecki, jumped 8.3 percent to 6.82 zloty, the biggest gain since September 2009.
KGHM Polska Miedz SA (KGH PW), the copper producer with the biggest European mine output, fell for a third day, losing 2.3 percent to 120.5 zloty. Copper fell the most in six weeks on concern Europe’s debt crisis will erode demand for industrial metals.
PGE SA (PGE PW), Poland’s largest utility, rose for the first time this week, adding 3.1 percent to 20.3 zloty. Poland is analyzing different scenarios for a takeover of Energa SA by state-controlled PGE, which was in January this year blocked by the country’s antitrust regulator, Treasury Minister Mikolaj Budzanowski told reporters today.
The government may allow PGE to abandon plans to acquire state-owned rival Energa, Dziennik Gazeta Prawna reported today, without saying where it got the information.
PKN Orlen SA (PKN PW), Poland’s biggest oil company, lost 3.2 percent to 36.01 zloty, the lowest close in more than two months, and Grupa Lotos SA (LTS PW), the second-largest refiner, declined 0.5 percent to 23.77 zloty. Oil tumbled the most since September as the Organization of Petroleum Exporting Countries agreed to raise its production ceiling, moving the group’s supply target nearer to current output levels.
TVN SA (TVN PW), Poland’s biggest television network, fell 1.5 percent to 8.96 zloty, the lowest level since April 2009. ITI Holdings SA’s supervisory board agreed to sign a deal with Vivendi SA’s Canal Plus to sell a minority stake in N-Vision BV, which owns 51 percent of TVN, Rzeczpospolita reported, without saying where it got the information. The company will announce details of the deal tomorrow, according to the newspaper.
--Editors: Linda Shen, Peter Branton
To contact the reporter on this story: Pawel Kozlowski in Warsaw email@example.com
To contact the editor responsible for this story: Gavin Serkin at firstname.lastname@example.org