Ad-hoc | 1 June 2006 18:00
Raiffeisen International Bank-Holding AG:Raiffeisen International sells 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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Vienna, 1st June 2006. This evening Raiffeisen International Bank-Holding
AG (Raiffeisen International) (ISIN: AT0000606306) signed a contract to
sell 100 per cent of the shares of JSCB Raiffeisenbank Ukraine to OTP Bank
Ltd. The sale is still subject to a successful closing, in particular the
approval of the Austrian Financial Market Authority, the National Bank of
Ukraine and the anti-monopoly authorities in Ukraine and Hungary.
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. The
bank, which had a net asset book value of Euro 139 million at the end of
2005, will be sold for Euro 650 million. Raiffeisen International’s
management reiterates that it does not intend to follow a similar strategy
in Russia in connection with the purchase of Impexbank.
The sale of Raiffeisenbank Ukraine will eliminate merger costs with Bank
Aval, which was purchased in 2005. Furthermore it will be possible to speed
up the transformation process. The Raiffeisen brand will not be included in
the sale, instead it will 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 will be continued by Raiffeisen Bank Aval.
After closing, Raiffeisen Bank Aval will 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 01.06.2006
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Language: English
Issuer: 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
indices:
Listed: 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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