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Raiffeisen Group: Delay in Sale of Russian Unit and Share Freeze

Raiffeisen Group: Delay in Sale of Russian Unit and Share Freeze
9 months ago

Raiffeisen International, an Austrian bank, announced that the process of selling its Russian unit has encountered delays, resulting in a freeze on the company's shares. Bank representatives explained that the delay is due to the need to comply with regulatory norms and an expectation for legal clarifications regarding the deal. This situation remains under the control of the bank's management, which is actively working to resolve it.

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