There was not much excitement in Prague today, PX index closes up by 2 % which is in-line with region. It was all about Erste selling its insurance units to VIG today. Erste skyrocketed on back of this news as it seems like a good deal. Upgrade to "buy" from "neutral" at Goldmans also helped. VIG headed the other way as it plans bond issue to finance the transaction worth EUR 1,45bn. Pegas was the loser of the day due to active international and local sellers. CEZ was supported by ongoing buyback program. Orco closed up before numbers later today.