Ad-hoc | 4 April 2006 22:51
Raiffeisen International Bank-Holding AG: Raiffeisen International has decided to start negotiations to sell Raiffeisenbank Ukraine
Ad hoc announcement transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Ad-hoc Release according to §48d Abs. 1 BörseG
Raiffeisen International has decided to start negotiations to sell
Raiffeisenbank Ukraine
Vienna, 4th April 2006. The Managing Board of Raiffeisen International
Bank-Holding AG (Raiffeisen International) (ISIN: AT0000606306) has decided
to start negotiations to sell 100 per cent of the shares of JSCB
Raiffeisenbank Ukraine. Should the negotiations not come to a successful
conclusion in several weeks, then a merger with Bank Aval, which was
acquired in 2005, will take place.
Raiffeisenbank Ukraine has been operational since 1998 and had total assets
of over Euro 1.2 billion, as well as 39 branches, at the end of 2005.
Raiffeisenbank Ukraine has been active predominantly in the corporate
segment. This makes the bank one of the smaller network banks in the
Raiffeisen International Group. The transaction could generate a
substantial extraordinary gain for the Raiffeisen International Group
reflecting a multiple of the book value of Raiffeisenbank Ukraine. The
Managing Board of Raiffeisen International does not intend to follow a
similar strategy in Russia in connection with the forthcoming purchase of
Impexbank.
The sale of Raiffeisenbank Ukraine would eliminate merger costs with Bank
Aval, which was purchased in 2005. Furthermore it would be possible to
speed up the transformation process. The Raiffeisen brand would not be
included in the sale, instead it would be incorporated into the Bank Aval
name. The Aval brand will be re-branded into Raiffeisen Bank Aval.
Raiffeisen International’s further expansion in the high growth banking
sector in Ukraine would be continued by Raiffeisen Bank Aval.
After a possible sale, the Raiffeisen Bank Aval would still play a leading
role as the second largest bank in the Ukrainian market, with total assets
of Euro 3.4 billion and 1,342 branches.
For further information please contact:
Susanne E. Langer
Head of Investor Relations
Raiffeisen International Bank-Holding AG
A-1030 Vienna, Am Stadtpark 9
Tel.: +43 (1) 717 07 2089
Fax: +43 (1) 717 07 2138
investor.relations@ri.co.at
http://www.ri.co.at
(c)DGAP 04.04.2006
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language: English
emitter: Raiffeisen International Bank-Holding AG
Am Stadtpark 9
1030 Vienna Österreich
phone: +43-1-71707-2089
fax: +43-1-71707-2138
email: investor.relations@ri.co.at
WWW: www.ri.co.at
ISIN: AT0000606306
WKN: 60630
indexes:
stockmarkets: Amtlicher Markt in Wiener Börse; Freiverkehr in
Berlin-Bremen, Stuttgart, München; Open Market in Frankfurt
End of News DGAP News-Service
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