Bloomberg News

Orco Property Group Gains for 8th Day, Longest Rally Since 2007

February 03, 2012

Feb. 3 (Bloomberg) -- Orco Property Group SA, a developer in central Europe overhauling its business and debt under a court-approved plan, rose for an eighth day in Czech trading, headed for its longest stretch of gains since October.

The stock jumped 10 percent to 115 koruna as of 3:38 p.m. in Prague, making it the best performer in the PX equity gauge, which added 0.3 percent. A close at that level would mark Orco’s biggest one-day rally since September 2010. In Paris, its home market, the stock surged 15 percent to 4.70 euros.

--Editors: Peter Branton, Linda Shen

To contact the reporter on this story: Krystof Chamonikolas in Prague at kchamonikola@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net


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