Bloomberg News

Hydrobudowa Falls as Creditor Files for Its Bankruptcy

May 10, 2012

(Corrects headline and first paragraph to show that a creditor filed for Hydrobudowa’s bankruptcy.)

Hydrobudowa Polska SA (HBP), the unit of Poland’s third-largest builder PBG SA, lost the most in more than two weeks in Warsaw after a creditor filed a motion for its bankruptcy.

The shares declined as much as 9.1 percent, falling the most since April 23, and traded 5.5 percent lower at 9:15 a.m. in Warsaw.

The Polish unit of German pipe maker KSB AG (KSB) filed for bankruptcy of Hydrobudowa, the PBG subsidiary said in a regulatory statement today.

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

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net


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