Austria's RBI can't give timing on possible Strabag deal, CEO says
© Reuters. Raiffeisen Bank International CEO Johann Strobl addresses a news conference in Vienna, Austria March 13, 2019. REUTERS/Leonhard FoegerVIENNA - Austria's Raiffeisen Bank International, the biggest Western bank in Russia, cannot give a timeframe for its contested deal to purchase a stake in Austria's Strabag that was long held by a now sanctioned Russian tycoon, the bank's chief executive said on Thursday.
The comments are the latest development in RBI's attempt to unlock the stake in a complex deal as a means of freeing up some of its billions stranded in Russia. Reuters reported on March 20 that U.S. Treasury officials have expressed their concerns about the 1.1 billion euro transaction in meetings with the bank and Austrian authorities.
In December, RBI announced it intended to buy the Strabag stake from Russia-based Rasperia Trading Limited, a company controlled by sanctioned Russian businessman Oleg Deripaska.Strobl told shareholders on Thursday that the bank had answered questions of multiple authorities, including those in the United States.Scan QR code to install app
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