M&A Activity • Nov 17, 2017
M&A Activity
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DGAP-Ad-hoc:Raiffeisen Bank InternationalAG/ Keyword(s): Miscellaneous Raiffeisen Bank InternationalAG:Carve-out of FXPortfolio from Polish subsidiaryin preparation for IPOor sale
17-Nov-2017 / 14:19 CET/CEST
Disclosure of an inside information acc. toArticle 17 MAR, transmitted byDGAP- a service of EQSGroupAG. The issuer is solelyresponsible for the content of this announcement.
Vienna, 17 November 2017.Raiffeisen Bank InternationalAG(RBI) intends to carve out the FXretail mortgage loan portfolio (FXPortfolio) held byRaiffeisen Bank Polska S.A. (RBPL) and eventuallytransfer this portfolio to RBI.According to the current understanding with the Polish Financial SupervisionAuthority(KNF) the carve-out is expected to be completed prior to the listing of the shares in RBPL on the WarsawStock Exchange, the deadline for which is 15 May2018.As an alternative option RBI is also considering the sale of a majority stake in RBPL's core banking operations (without FXPortfolio).
RBI's commitment to the KNFto list the shares in RBPL on the WarsawStock Exchange maybe fulfilled byan initial public offering of at least 15 per cent ofRBPL shares to free float investors or through a sale of a majoritystake in RBPL's core banking operations.
For more information, please contact:
Susanne E. Langer Head ofGroup Investor Relations Spokesperson Raiffeisen Bank InternationalAG Am Stadtpark 9 1030 Vienna,Austria [email protected] phone +43-1-71 707-2089 www.rbinternational.com
17-Nov-2017 CET/CESTThe DGAPDistribution Services include RegulatoryAnnouncements, Financial/Corporate News and Press Releases. Archive atwww.dgap.de
| Language: Company: |
English Raiffeisen Bank InternationalAG Am Stadtpark 9 A-1030 Vienna Austria |
|---|---|
| Phone: | +43-1-71707-2089 |
| Fax: | +43-1-71707-2138 |
| E-mail: | [email protected] |
| Internet: | www.rbinternational.com |
| ISIN: | AT0000606306 |
| WKN: | A0D9SU |
| Listed: | Foreign Exchange(s) Luxemburg, SIX, Wien (Amtlicher Handel /Official Market) |
End ofAnnouncement DGAPNews Service
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