Washington pressures Austria's Raiffeisen to drop Russian tycoon deal | Reuters News Agency
Business & FinanceDeals

Washington pressures Austria’s Raiffeisen to drop Russian tycoon deal

Reuters exclusively reported that the United States is pressing Austria’s Raiffeisen Bank International, the biggest Western bank in Russia, to drop plans to buy a 1.5 billion euro industrial stake of a Russian tycoon. Washington’s intervention is likely to derail one of the biggest Western deals in Russia and piles more pressure on the Austrian group.

Market Impact

Raiffeisen shares tumbled after the Reuters report, at one point trading down roughly 16%. 

Article Tags
Topics of Interest: Business & FinanceDeals
Type: Reuters Best
Sectors: Business & Finance
Regions: Europe
Countries: Russia
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story
Flash_032024 - Raffeisen
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