AI Terminal
Raiffeisen Bank International AG
M&A Activity • Feb 14, 2024
756_rns_2024-02-14_b560c419-0ef9-47b9-bfcf-44ff56ea3d71.html
M&A Activity
Open in ViewerOpens in native device viewer
News Details
Ad-hoc | 14 February 2024 12:41
RBI in advanced negotiations on the sale of its Belarusian subsidiary Priorbank
Raiffeisen Bank International AG / Key word(s): Miscellaneous
RBI in advanced negotiations on the sale of its Belarusian subsidiary Priorbank
14-Feb-2024 / 12:41 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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.
- The expected impact on the CET1 ratio of RBI Group is minimal.
- The transaction would trigger a loss of approximately EUR 225 million on RBI Group, resulting from the difference of the purchase price and book value of the equity of Priorbank JSC.
- At closing, a further negative impact in the range of EUR 450 million is expected on RBI Group’s consolidated profit, relating to the reclassification of predominantly historical FX losses currently recognized in other comprehensive income. This reclassification of losses would have no impact on the regulatory capital of RBI Group.
For further information please contact:
John P. Carlson, CFA
Head of Group Investor Relations
Raiffeisen Bank International AG
Am Stadtpark 9
1030 Vienna, Austria
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
| 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: | [email protected] |
| 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 |