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RBI Subsidiary Raiffeisen Bank Polska Completes Sale
The sale of the core banking business of RBI subsidiary Raiffeisen Bank Polska to BGZ BNP has been completed, according to a statement. The regulatory approvals for the transaction agreed in April have now been obtained. The direct impact of the sale on RBI Group’s consolidated profit is expected to amount to minus EUR 121 million,
The sales price of Raiffeisen Bank Polska is approximately EUR 760 million. / Picture: © Raiffeisen Bank International AG / S. Klimpt
The sale of the core banking operations of Raiffeisen Bank Polska S.A., agreed upon in April this year, by way of demerger to Bank BGZ BNP Paribas S.A., a subsidiary of BNP Paribas S.A., was successfully closed today upon receipt of regulatory approval.
The sales price is approximately PLN 3,250 million (around EUR 760 million), equating to a price/tangible book value multiple…
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