Raiffeisen Bank International Decides Against Acquiring STRABAG SE Shares

On May 8, 2024, Raiffeisen Bank International AG (RBI) announced its decision to discontinue the planned acquisition of STRABAG SE shares, a decision made by the RBI executive board. The bank stated that it reached this decision following recent discussions with relevant regulatory authorities, which failed to provide the necessary assurances to proceed with the transaction. Citing prudence, RBI opted to step back from the acquisition.

Despite the halted transaction, RBI continues to reduce its operations in Russia and has implemented extensive measures to manage increased risks linked to sanctions and compliance requirements. Furthermore, RBI remains committed to the deconsolidation of its Russian subsidiary, aiming to streamline its operations and minimize financial and regulatory exposure.