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RZB´s Rothensteiner: „Not Interested in VBAG“
Walter Rothensteiner, CEO of Raiffeisen Zentralbank (RZB), does not see a suitable takeover target in the partly nationalized VBAG.
RZB´s Rothensteiner: „Not Interested in VBAG“ / Picture: © Raiffeisen Zentralbank Österreich AG / Peter Rigaud
Yesterday, VBAG became partly nationalized. The Austrian state now holds 43% in the financially stricken bank. RZB, which holds a 0.9% stake, wrote off its interest completely. According to Rothensteiner, this caused a one-time effect of € 30m. Rothensteiner adds that RZB received dividends of VBAG for years.
VBAG also holds a 5% stake in RZB, which was planned to sell. RZB…
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