Raiffeisen to pursue possible sale or spin-off of Russia business

Kitco Media
By Reuters
Published:
Updated:
Reuters
BERLIN, March 30 (Reuters) - Raiffeisen Bank International will pursue a possible sale or spin-off of its Russian business, Chief Executive Johann Strobl told shareholders at its annual general meeting on Thursday. He said the bank would continue to reduce its business in Russia while it pursued these possible options and that it would keep some bank businesses in Russia to maintain its bank license there. (Reporting by John O'Donnell, Editing by Miranda Murray)

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