Pension fund buys shares in leading drug distributor PGF

Shares in pharmaceutical distributor Polska Grupa Farmaceutyczna (PGF) jump ed by over 8% reaching a nine-month high on Thursday on the news that one of its key shareholders sold his stake to OFE pension funds. On Thursday the t otal volume of PGF shares that changed hands reached 440,000. According to unofficial information construction mogul Michał Sołowow, an active Warsaw Stock Exchange player, sold his shares in a block trade to local financial investors, allegedly, private pension funds. Sołowow's stake in PGF was sli ghtly below 5%. PGF is the largest domestic drug seller with annual sales of zł. 3.15 billion and controls approximately 30% of the market. The company's last year net profit totalled zł. 25.4 million. (Parkiet, p. 2) J.K.