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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.
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