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RBI to Take Over Croatian Subsidiary Completely

Published: September 6, 2013; 06:55 · (Vindobona)

Vienna-listed Raiffeisen Bank International holds 75% of its Croatian subsidiary. RBI confirmed that the remaining shares of Croatian subsidiary will be acquired.

RBI to Take Over Croatian Subsidiary Completely / Picture: © Raiffeisen Bank International

According to EU law, banks have to deduct the equity capital of not wholly-owned subsidiaries from their own equity base. In order to improve the equity situation, the Austrian Raiffeisen sector undertakes structural changes. RBI, which holds 75% in Zagreb-based Raiffeisenbank Austria dd, will buy the minority share. The sellers are RLB Styria, RLB Upper Austria and RLB Salzburg. The…

This article includes a total of 92 words.

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