Bloomberg News

Polish Builder PBG Jumps First Time in Six Days on Road Contract

February 27, 2012

PBG SA (PBG), Poland’s third-largest builder rose for the first time in six days after it won a road construction contract.

The shares jumped 4 percent to 65.2 zloty as of 11:11 a.m. in Warsaw. PBG is the second-worst performing stock in Poland’s benchmark WIG20 Index (WIG20) this year.

PBG won a 221.4 million-euro ($297 million) contract to build a section of a road in Gdansk, the Polish northern city, with Obrascon Huarte Lain SA (OHL), according to a statement from the Madrid-based company yesterday.

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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