Polbank: RBI wants to Lower Price

Businessn.a. ♦ Published: December 27, 2011; 16:00 ♦ (Vindobona)

The Austrian Raiffeisen Bank International delays the closing of the acquisition. RBI negotiates over a reduction of the acquisition price.

Polbank: RBI wants to Lower Price / Picture: © Raiffeisen Bank International AG / S. Klimpt

Basically, the acquisition of the Polish Polbank has been planned for the fourth quarter. Now, RBI delays the closing, which is expected to take place in early 2012. RBI is interested in a reduction of the price. However, RBI denies rumors saying that RBI wants to cancel the acquisition. According to EBA, the whole RZB group has a capital shortfall of € 2.1bn. A major part is due to…