The United States has exerted pressure on Austria's Raiffeisen Bank International, urging it to abandon its plan to purchase a 27.78% stake in Strabag SE, an Austrian construction company. The deal, valued at 1.5 billion euros, involved acquiring shares from Russian oligarch Oleg Deripaska. Washington's intervention stems from concerns over the transaction potentially violating sanctions, with threats that Raiffeisen could face repercussions under U.S. sanctions. This situation has also led Raiffeisen to delay the sale of its AT1 bond, as uncertainties regarding the deal with Russia have impacted market perceptions.
Raiffeisen pulls AT1 bond deal over Russia deal fears https://t.co/SXToAbCTsE
Ru business news 20/Mar/2024 part 2: Raiffeisen Bank International is backing out of the deal to purchase for 1,5 billion Euro 27,78% of the stock of Strabag SE owned by Oleg Deripaska. The US warned that the buyer will fall under US sanctions. https://t.co/uENJWSHiXu
Raiffeisen Delays AT1 Sale as Doubts Over Russia Deal Hit Market https://t.co/DzLjElZaoL
U.S. pressures Austria’s Raiffeisen to drop Russian tycoon deal, sources say https://t.co/wT1eIRf0oH
Washington pressures #Austria's Raiffeisen to drop Russian tycoon deal https://t.co/TsiJ9tOA6f
#Austria's Raiffeisen Bank wanted to extract money stranded in Russia and agreed to pay 1.5 billion euros for an oligarch's stake in an Austrian builder. The plan back-fired. Washington is putting its foot down. Read our story on @Reuters https://t.co/IzxsHz3TCa
⚠️ EXCLUSIVE-WASHINGTON PRESSURES AUSTRIA'S RAIFFEISEN TO DROP RUSSIAN TYCOON DEAL, SOURCES SAY Full Story → https://t.co/t5pVq0sjMT 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… https://t.co/cGuQ0Z0yb8
US AUTHORITIES PRESS RAIFFEISEN BANK INTERNATIONAL TO DROP PLANS TO BUY 1.5 BLN EURO STAKE IN STRABAG, SOURCES SAY - RTRS