Bloomberg News

AAA Auto, Bank Pekao, KGHM, PKO: Central Europe Equity Preview

February 13, 2012

Feb. 13 (Bloomberg) -- The following is a list of companies whose shares may have unusual price changes in central European markets. Stock symbols are in parentheses after company names. Share prices are from the last close.

Poland’s WIG20 Index fell 1.7 percent, the Czech PX Index tumbled 3.4 percent and Hungary’s BUX Index declined 2.2 percent.

AAA Auto Group NV (AAA CP): A chain of used-car dealerships across central and eastern Europe, may have achieved a record net profit of more than 7 million euros ($9.3 million) last year, Lidove Noviny reported, citing Chief Executive Officer Anthony James Denny.

AAA is weighing the future of its operations in Hungary and may open a second Russian branch in Saint Petersburg next year, according to the report. The shares gained 2.1 percent to 18.4 koruna.

KGHM Polska Miedz SA (KGH PW): The supervisory board of Poland’s sole copper and silver producer will discuss today the acquisition of Canada’s Quadra FNX Mining Ltd. KGHM lost 4.5 percent to 135.6 zloty.

PKO BP SA (PKO PW), Bank Pekao SA (PEO PW): Poland’s two largest banks are in a financial condition that allows them to pay dividends from their 2011 profit, Wojciech Kwasniak, deputy chairman of the country’s financial market regulator said in an interview with Parkiet newspaper. PKO slipped 1.3 percent to 35.45 zloty while Pekao declined 3.2 percent to 157 zloty.

--Editor: Peter Branton

To contact the reporter on this story: Piotr Bujnicki in Warsaw pbujnicki@bloomberg.net

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


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