Bloomberg News

Polish Stocks: PBG, PKO Bank Polski, Synthos Are Active

July 02, 2012

Poland’s WIG20 Index (WIG20) retreated 0.9 percent to 2,254.86 in Warsaw.

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

PBG SA (PBG) jumped 19 percent to 7.31 zloty, the most since August 2004. The Polish construction company declared bankrupt last month may ask a government fund for state aid to resume operations, said Kinga Banaszak-Filipiak, a PBG spokeswoman.

PKO Bank Polski SA (PKO) , a state-owned lender, declined 2.5 percent to 33.75 zloty, the lowest level in a week. Poland’s Treasury Ministry is considering selling minority stakes in listed companies after it had to postpone initial public offerings of Grupa PHN SA and PAK SA, Parkiet reported, citing a banker it didn’t name.

Synthos SA (SNS) jumped 3.9 percent to 6.16 zloty, the most in three weeks. The Polish chemical producer owned by billionaire Michal Solowow won’t increase its bid for state- controlled fertilizer maker Zaklady Azotowe Pulawy SA above the 102.5 zloty a share it is offering until July 20, Chief Executive Officer Tomasz Kalwat told Rzeczpospolita newspaper.

To contact the reporters on this story: Piotr Skolimowski in Warsaw at pskolimowski@bloomberg.net

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


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