Raiffeisen Bank International Closes Acquisition of Polbank

Business › n.a. ♦ Published: April 30, 2012; 16:29 ♦ (Vindobona)

The Provisional purchase price is € 460m in cash for a 70 per cent stake in the Polish private bank. RBI becomes number 6 in the Polish banking market.

Raiffeisen Bank International Closes Acquisition of Polbank / Picture: © Raiffeisen Bank International AG / S. Klimpt

Following the completion of all regulatory requirements, Raiffeisen Bank International AG (RBI) today announced the formal closing of the acquisition of a 70 per cent share in Polish Polbank EFG S.A. (Polbank). "I am very happy that we have concluded this complex transaction. Combining Polbank and Raiffeisen Bank Polska will provide us with a strong basis for a broadly diversified…

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