A giant comes to the Warsaw Stock Exchange

opublikowano: 20-12-2007, 18:11

Warsaw (Puls Biznesu) – Thanks to Unicredit debut, capitalization of the WSE exceeded PLN 1bn and be higher than Poland’s GDP.


Today, Unicredit was for the first time listed on the WSE. The stock jumped 49 percent to PLN 29.8 (EUR 8.2). The Italian bank, majority shareholder of Bank Pekao, has capitalization worth PLN 270bn, or one third of the joint value of all other 349 companies listed in Warsaw. The listing was one of the requirements while allowing Unicredit to merge two Polish listed banks: Pekao and BPH.


Unicredit is Italy’s biggest banking group, the second largest bank in the euro zone and the third largest bank in Europe. It controls the biggest private banks in Croatia, Bosnia and Herzegovina, Bulgaria and Poland, with substantial presence in Slovakia, the Czech Republic, Romania and Turkey. So far, the bank has avoided turbulences connected with the crisis on the US and European housing market. The stock cost EUR 5.57 yesterday. Since May, it has been in the downing trend. This year’s high of EUR 7.63 was reached at the end of April. UCI is 23rd foreign company listed in Warsaw.

(PLN 1 = EUR 0.276)

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Podpis: MG