EMERGING EUROPE STOCKS - Factors to Watch June 18

                                
 WARSAW, June 18 (Reuters) - Here are news stories, press
reports and events to watch which may affect Central/Eastern
Europe's financial markets on Wednesday.
                                
 
                                
 ZENTIVA
                                
 French drugmaker Sanofi-Aventis <SASY.PA> plans a rival $2.6
billion bid for Czech drugmaker Zentiva <ZNTVsp.PR>. [nWEA9644]
                                
 
                                
 CEZ
                                
 Merrill Lynch ups its price target for CEZ <CEZPsp.PR> to
1,510 crowns from 1,491 crowns and maintains its 'buy' rating
for the Czech power utility, citing bullish outlook for power
market fundamentals and higher power price assumptions.
                                
 For more research news double click [CEEU-RCH]
                                
 
                                
 PKO BP, PEKAO, MILLENNIUM
                                
 JP Morgan raises Poland's biggest listed bank PKO BP
<PKOB.WA> to 'overweight' from 'neutral' and cut largest bank by
assets, Pekao <BAPE.WA>, to 'underweight' from 'neutral'. The
investment bank starts Millennium <BIGW.WA> at 'underweight'
with a price target of 8 zlotys.
                                
 For more research news double click [CEEU-RCH]
                                
 
                                
 OTP
                                
 OTP Bank <OTPB.BU> has completed its 15 million euros
capital increase at Crnogorska Komercijalna Banka (CKB), its
subsidiary in Montenegro, the bank says. CKB now has 46.8
million euros in capital.
                                
 For more news on OTP double click [OTPB.BU]
                                
 
                                
 LOTOS
                                
 Refiner Lotos <LTOS.WA> may consider floating its
Petrobaltic unit to help finance its ambitious development
programme, local newspapers write.
                                
 For more news on Lotos double click [LTOS.WA]
                                
 
                                
 PKO BP
                                
 Former deputy head of the central bank Jerzy Pruski gets
permission from the financial regulator to take the helm at PKO
BP, Dziennik writes.
                                
 
                                
 FIBANK
                                
 Bulgaria's First Investment Bank (FIBank) <FIB.BB> takes 65
million euros ($100.8 million) one-year syndicated loan to boost
its operations.
                                
 
                                
 KREMIKOVTZI
                                
 A Bulgarian court postponed on Tuesday an insolvency case of
steel maker Kremikovtzi <KMKV.BB> until July 29. Creditors asked
for legal action against the indebted plant, writes daily
Dnevnik.

                                
 TARNOW
                                
 Polish chemicals group Tarnow is unlikely to raise the 307.5
million zlotys ($141.1 million) in its IPO as many local funds
balked at the price, daily Parkiet reports. Several state-owned
companies will likely buy shares in the state-owned Tarnow.
                                
 For more IPO news double click [CEEU-IPO]
                                
 
                                
 NWR
                                
 Mining group New World Resources <NWRSsp.PR><NWRS.L> will
get permission to reopen the Debiensko mine in Poland very soon,
an environment ministry official says.          [ID:nL17412973]
                                
 For more news on NWR double click [NWRSsp.PR]
                                
 
                                
 EUROPEAN MARKETS
                                
 European shares were set to open lower on Wednesday, with
investors focusing on banking stocks ahead of results from
Morgan Stanley <MS.N>.
                                
 Bookmakers expected Britain's FTSE 100 <.FTSE> to open down
12 to 20 points, Germany's DAX <.GDAXI> down 5 to 20 points and
France's CAC <.FCHI> down 6 to 14 points.
                                
 For the latest news on European markets, double click [.EU]
                                
 
                                
 WALL STREET
                                
 U.S. stocks fell on Tuesday after a major brokerage warned
that U.S. banks would have to raise as much as $65 billion in
capital to shore up balance sheets weakened by the mortgage
crisis.
                                
 Raising capital could dilute the equity stakes of current
shareholders, and shares of U.S. banks sold off across the
board. The KBW <.BKX> bank index, which encompasses U.S. banks,
fell 3.7 percent.
                                
 For latest Wall Street news, double click [.N]

                                
 OTHER EQUITY NEWS
 Stocks on the move      [HOT-RTRS] Real-time Equity News    [E]
 Emerging markets equities [EMRG-E] E.Europe equities     [.CEE]
 Hot stocks                   [HOT] Stock markets          [STX]
 Emerging Europe diaries [EMRG-EUROPE-DIARY]

 European stocks report  [.EU]
 Major world stock market performance     [.STX]
 FTSE Eurotop 300 index...................<.FTEU3>
 DJ STOXX index...........................<.STOXX>
 Eurotop 300 sector gainers/losers...<.PGL.FTEU3S>
 Top 25 European pct gainers............<.PG.PEUR>
 Top 25 European pct losers.............<.PL.PEUR>
 European Equities speed guide.............<EUR/EQUITY>
 Pan European indices.....................<EUR/INDICES1>
 Pan European analysis.....................<EUR/STATS1>
 
 REGIONAL INDICES
 Warsaw WIG20 <.WIG20>     Istanbul ISE National 100 <.XU100>
 Budapest SE Index <.BUX>  Bucharest Beti <.BETI>
 Prague PX <.PX>           Zagreb Crobex <.CRBEX>
 Sofia Sofix <.SOFIX>      Ljubljana SBI20 <.SBI>
 
 MSCI Global Emerging Markets <.MSCIEF>
 FTSEurofirst 300 <.FTEU3>
 ($1=2.175 Zloty)
 ($1=2.215 Zloty)
 ($1=2.180 Zloty)