Washington pressures Austria’s Raiffeisen to drop Russian tycoon deal


Business & FinanceDeals

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

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