EQS-Adhoc
RBI in advanced negotiations on the sale of its Belarusian subsidiary Priorbank
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- RBI in advanced negotiations to sell Belarusian subsidiary Priorbank to investor from UAE.
- Sale would result in minimal impact on RBI Group's CET1 ratio.
- Transaction expected to trigger loss of EUR 225 million on RBI Group, with further negative impact on profit.
EQS-Ad-hoc: Raiffeisen Bank International AG / Key word(s): Miscellaneous
Vienna, 14 February 2024. Raiffeisen Bank International AG (RBI) is in advanced negotiations on the disposal of its 87.74 per cent stake in Priorbank JSC and its subsidiaries, with Soven 1
Holding Limited, an investor from the United Arab Emirates, resulting in a potential exit of RBI from the Belarusian market. The signing of the transaction is – among other conditions – pending proof of funds by the investor with transfer of full collateral for the transaction consideration.
John P. Carlson, CFA Head of Group Investor Relations Raiffeisen Bank International AG Am Stadtpark 9 1030 Vienna, Austria ir@rbinternational.com phone +43 1 71 707 2089 www.rbinternational.com End of Inside Information
14-Feb-2024 CET/CEST News transmitted by EQS Group AG. www.eqs.com |
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Language: | English |
Company: | Raiffeisen Bank International AG |
Am Stadtpark 9 | |
A-1030 Vienna | |
Austria | |
Phone: | +43-1-71707-2089 |
Fax: | +43-1-71707-2138 |
E-mail: | ir@rbinternational.com |
Internet: | www.rbinternational.com |
ISIN: | AT0000606306 |
WKN: | A0D9SU |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Luxembourg Stock Exchange, SIX, Vienna Stock Exchange (Official Market) |
EQS News ID: | 1837357 |
End of Announcement | EQS News Service |
|
1837357 14-Feb-2024 CET/CEST
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