On the Vienna Stock Exchange on Wednesday morning, the shares of Raiffeisen Bank International (RBI) and Strabag attracted investors’ attention with hefty price premiums of 10.2 and 6.3 percent, respectively. They want to talk regarding their Russian subsidiary RBI, as reported, acquire the 27.8 percent stake in the construction group Strabag, which the Russian Strabag major shareholder Oleg Deripaska has put up for sale. With the deal she wants RBI further reduce their involvement in Russia.
Image: OÖN Graphics
If the transaction can be carried out as planned, Erste Group analysts believe it would be very positive for the company RBI and the share price might rise significantly. The most important reason for this positive assessment of Erste Group is that the Strabag share was bought through the Russian subsidiary, which has been highly profitable since the start of the Ukraine war, but no profits are passed on to them RBI-Mother in Austria is allowed to distribute.
