on Raiffeisen International Bank-Holding AG (isin : AT0000606306)
Raiffeisen Bank International Faces Transfer Ban on Russian Shares
Vienna, 5 September 2024. A Russian court has issued a preliminary injunction, imposing a transfer ban on shares of AO Raiffeisenbank. This decision takes immediate effect. Raiffeisen Bank International AG (RBI) is the sole shareholder of AO Raiffeisenbank.
The injunction is connected to legal proceedings initiated by Rasperia Trading Limited against STRABAG SE and others. Although AO Raiffeisenbank is mentioned, it is not accused of any wrongdoing. RBI is not involved in these proceedings.
As a result, RBI cannot transfer its shares in AO Raiffeisenbank, complicating its ongoing sale process. RBI plans to challenge the court's decision using all legal means.
R. E.
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