Wholesaler and distributor Eurocash will replace broadcaster TVN on the WSE's WIG20 blue-chip index, the bourse announced. This decision will come into effect on March 15.
TVN's shares have fallen nearly 10 percent this year, as its core operations have been hit by a drop in advertising on the back of the economic slowdown. Eurocash is Poland's second-largest distributor of fast-moving consumer goods.
TVN will move to the mid-cap mWIG40 index, along with firms such as metallurgical firm Alchemia, Alior Bank, and electricity producer Zespó³ Elektrowni P±tnów-Adamów-Konin.
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