Bloomberg News

Polish Stocks: Empik, Jastrzebska Shares Are Active in Warsaw

March 13, 2012

Poland’s WIG20 Index (WIG20) advanced 0.3 percent to 2,298.33 at 5:30 p.m. in Warsaw, gaining for the second day.

The following were among the most active stocks on the Warsaw Stock Exchange today. Stock symbols follow company names.

Jastrzebska Spolka Weglowa SA (JSW) (JSW PW), the Polish company that’s the European Union’s largest coking-coal producer, dropped for the first time in five days, retreating 3 percent to 102.7 zloty after saying it saw the benchmark price of coal falling to a range of $210 to $215 a ton in the second quarter from $235 a ton in the first quarter.

NFI Empik Media & Fashion SA (EMF) jumped 5.6 percent to 9.87 zloty, the most in almost a month, after Penta Investments Ltd. and Eastbridge Group bid 407 million zloty ($130 million) to buy a 40 percent stake in the largest Polish retailer of books and music. The investment funds are offering to pay 9.85 zloty a share, the companies said in a joint e-mailed statement today. Eastbridge holds a 60 percent stake in Empik.

To contact the reporters on this story: Piotr Bujnicki in Warsaw at pbujnicki@bloomberg.net; Marta Waldoch in Warsaw at mwaldoch@bloomberg.net

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


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