Business & FinanceDeals
20 March 2024, 3:22 pm 1 minute
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