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RBI Sells Slovenian Subsidiary to US Private Equity Firm Apollo

Published: December 10, 2015; 11:30 · (Vindobona)

Raiffeisen Bank International AG (RBI) has reached an agreement to sell its Slovenian bank, Raiffeisen Banka d.d., to Biser Bidco, which is managed by an affiliate of Apollo Global Management, LLC. The purchase price has not been disclosed. The expected deconsolidation effect on RBI’s consolidated result will amount to minus EUR 49 million.

Apollo Headquarters in New York City / Picture: © Wikipedia / Iav~commonswiki

As one of the announced steps in the implementation of its strategic measures, Raiffeisen Bank International AG (RBI) has reached an agreement to sell its Slovenian bank, Raiffeisen Banka d.d., to Biser Bidco, which is managed by an affiliate of Apollo Global Management, LLC.

It was agreed that the purchase price would be kept confidential.

Closing is scheduled for the…

This article includes a total of 172 words.

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