News Parkiet

Natural gas

PGNiG to sell shares without a discount

State-owned natural gas monopoly PGNiG has no plans to offer a discount to retail investors in next month?s 1.5 billion zloty IPO, senior executives said at yesterday?s press conference. PGNiG wouldn?t price the stock yet, but the company said earlier it plans to sell as many as 900 million new shares.

Building materials

Analysts give different ratings to Opoczno

Three stockbrokers covering Polish stocks gave vastly different ratings to the country?s no. 1 ceramic tile maker Opoczno SA recently. Erste Bank and Citi?s DM Banku Handlowego rate the company a ?buy? with the target price set at 49.4 zloty and 50 zloty respectively. BDM PKO BP?s Dorota Puchlew says Opoczno, whose shares are trading at 41.5 zloty, some 24.5 percent below its IPO price, is worth just 34 zloty. She advised investors to sell the stock.

Information Technology

Techmex consortium wins 24 million

zloty GIS contract

A consortium of two Polish IT firms, Techmex and ComputerLand has been awarded a 24 million zloty contract with a government agency that monitors the country?s agricultural sector. Publicly traded Techmex, a major provider of Geographical Information Systems solutions said the Agency for the Restructuring and Modernization of Agriculture has hired the consortium to check thousands of farms in four Polish provinces using data obtained from satellite pictures. Techmex said it would use its 70-million zloty data acquisition and satellite photo processing center for the project.

Banking

Greece?s EFG Eurobank to enter Poland

Greece?s EFG Eurobank Ergasias plans to enter Poland, opening as many as 200 branches here, a local newspaper reported earlier this week. Polish Eurobank, a mid-sized lender controlled by France?s Societe Generale says it expects the country?s patent office to register its name before its Greek namesake starts expands into the country.