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Merger evaluation of RZB and RBI expected at he beginning of October

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2016-09-21 19:37

“The Management Boards of RZB and RBI would like to advise that the merger evaluation is now in its final stages. The results are expected at the beginning of October”, said Raiffeisen Bank International (RBI) in a statement.

On 10 May 2016, RBI published the following statement:

“The Boards of Raiffeisen Zentralbank Österreich AG (RZB) and Raiffeisen Bank International AG (RBI) have resolved to examine a potential consolidation of RZB and RBI.

The objectives of a consolidation of the businesses would be simplification of the corporate structure and adapting the Group more closely to increased regulatory requirements.

No resolutions with respect to implementation have been passed by the respective management bodies.

The evaluation is expected to be completed within six months, in order that the applicable resolutions for implementation may be passed in 2016.

A possible consolidation of RZB and RBI would not affect RBI’s stock exchange listing.”

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