The current capital stock amounts to € 380.4 million. Furthermore, the doubling of shares to 125 million by means of a share split was agreed. With these steps, the structural prerequisites for an Initial Public Offering (IPO) of Raiffeisen International have been met.
Subject to the fulfillment of the legally required steps – above all the submission of an offering circular – a series of presentations designed for Austrian-based potential investors are scheduled from the beginning of April.
Currently, Raiffeisen Zentralbank Österreich AG (RZB) owns 86 per cent of Raiffeisen International’s shares. The Austrian Regional Raiffeisen Banks own 6 per cent, the European Bank for Reconstruction and Development (EBRD) and the International Finance Corporation (IFC) account for the balance with 4 per cent each.
Raiffeisen International is the holding company for RZB’s participations in Central and Eastern Europe (CEE), steering a network of 15 subsidiary banks. The group has 916 business outlets throughout the CEE-region. Its network banks rank among the three largest banks in seven CEE markets. As of year-end 2004, Raiffeisen International’s balance sheet total increased by approximately 40 per cent to more than € 28 billion (preliminary figures), which is almost twice as much as at the end of 2002.
Disclaimer: The information contained herein is not for publication or distribution to United States persons or to publications with a general circulation in the United States. These materials are not an offer for sale of the securities in the United States. No public offering of the securities will be made in the United States. The securities referred to herein have not been and will not be registered under the US Securities Act of 1933, as amended, and may not be offered or sold in the United States without registration thereunder or pursuant to an available exemption therefrom.
