The spokesman of Kompania Weglowa (Coalmine Holding) said yesterday intraday that it starts to disposing of a 2.5% stake in (112 PLN, 2,56%), after the shares are no longer collateral to the banking loan.
Our view: We expect a neutral market reaction to the news today, after 1.4% negative trading impact yesterday intraday, as Kompania Weglowa intention to sell shares has been known for several months already.