Bloomberg News

E-Star Heads for Biggest Two-Day Gain Since 2009 on Polish Loan

June 06, 2012

E-Star Alternativ Nyrt. (ESTAR), a Hungarian energy company, headed for the biggest two-day gain in three years after announcing yesterday that its Polish unit received a loan offer from Bank Zachodni WBK SA. (BZW)

The shares rose 12 percent to 1,840 forint by 10:21 a.m. in Budapest, taking its gains in the past two days to 29 percent, the most on a closing basis since May 2009.

“The current Polish loan is a game changer, therefore we expect additional rebound in the share price,” Akos Kuti, a Budapest-based analyst at Equilor Befektetesi Zrt., and colleagues wrote in a research report today.

To contact the reporter on this story: Andras Gergely in Budapest at agergely@bloomberg.net

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


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