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Rumors Say Raiffeisen Looking for New Investors

Published: December 19, 2011; 11:19 · (Vindobona)

According to newspaper reports, the Austrian Raiffeisen Zentralbank (RZB) has talks with banks in Sweden and Norway. RZB denies such information.

Rumors Say Raiffeisen Looking for New Investors / Picture: © Raiffeisen Bank International

RZB has to raise its equity base by € 2.2bn until mid-2012. Raiffeisen stated to be optimistic to achieve that aim, but did not explain a strategy yet. However, on December 28, RZB will hold an extraordinary general meeting allowing the management board to issue 3.05m new shares. This would be a capital increase of 60%.

“If this happens, Raiffeisen wants to know in advance,…

This article includes a total of 229 words.

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