Feb. 21 (Bloomberg) -- The following is a list of companies whose shares may undergo 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 0.5 percent, the Czech PX Index rose 0.3 percent and Hungary’s BUX Index climbed 1.1 percent.
KGHM Polska Miedz SA (KGH PW): Quadra FNX Mining Ltd. shareholders approved a C$2.87 billion ($2.9 billion) takeover by KGHM. This is Poland’s largest overseas bid aimed at deepening the Polish copper producer’s global reach. KGHM gained 0.7 percent to 138.5 zloty.
PGE SA (PGE PW): Poland’s Treasury will wait until a court hearing mid-May on whether the country’s competition regulator can block PGE, Poland’s largest power utility, from taking over Energa SA before it decides what to do with the state-owned electricity distributor, Gazeta Wyborcza reported, citing Treasury Minister Mikolaj Budzanowski. PGE lost 2.1 percent to 20.5 zloty.
Polskie Gornictwo Naftowe i Gazownictwo SA (PGN PW): Poland’s dominant gas company filed a suit in a Stockholm arbitration court, seeking lower prices in a gas delivery from OAO Gazprom of Russia, PGNiG said in an e-mailed statement. PGNiG retreated 0.5 percent to 3.71 zloty.
PZU SA (PZU PW): Poland’s largest insurer will spend 13 billion zloty ($4.1 billion) on acquisitions, Rzeczpospolita cited Chief Executive Officer Andrzej Klesyk as saying. PZU will publish a new strategy in March and is looking at insurers in Europe as potential targets, Klesyk said. PZU advanced 0.6 percent to 343 zloty.
--Editors: Ash Kumar, Peter Branton
To contact the reporter on this story: Piotr Bujnicki in Warsaw firstname.lastname@example.org
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