BIG-BG stocks rise, reportedly due to BCP/Eureko or Berlin bank interest

BIG-BG bank stocks soared 25% over the past week, reportedly due to accumulation of shares by foreign investors. According to analysts the mysterious investor is most likely the consortium of Banco Commerciale Portuguese (BCP) and Eureko, who are conducting major purchases of BIG-BG stock through a Portuguese bank. BCP/Eureko has held 46% of BIG BG since June 2000 when Deutsche Bank and Raiffeisen sold their shares, amounting to a 29% stake. Another potential investor contributing to the increase in BIG-BG popularity may be German Bank Gesselschaft Berlin (BGB) which acquired 5% of BIG-BG this fall and makes no secret of the fact that it is planning further investments together with BCP/Eureko. (Gazeta Wyborcza, p.25) J.K.