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Raiffeisen-Holding Niederösterreich-Wien has acquired a 25.1% stake in the lifestyle publisher Falstaff, signaling a strategic shift towards media and luxury sectors, aiming for expansion in twelve European markets and enhancing Raiffeisen's image. Meanwhile, Raiffeisen Bank International faces challenges, including profit declines and a complicated exit from Russia, despite stable core earnings and a robust share performance. The investment raises questions about long-term resilience versus potential strategic fragmentation within the Raiffeisen group.
Raiffeisen-Holding Niederösterreich-Wien has acquired a 25.1% stake in the gourmet publisher Falstaff, which aims for significant international expansion. Currently generating €41 million in revenue, Falstaff plans to grow to €45 million by 2025 and enter at least twelve European markets, including Spain and Serbia. CEO Michael Höllerer emphasizes the partnership's role in supporting Falstaff's ambitious growth strategy amidst a challenging publishing landscape.
Raiffeisen-Holding Niederösterreich-Wien is set to acquire a 25.1% stake in the Falstaff Group, marking its first media investment outside Austria, pending regulatory approval. Despite industry challenges, Falstaff reported a strong business performance with projected sales growth to 45 million euros in 2024 and plans for international expansion into at least twelve European countries, including a new edition in Slovakia by May 2025.
Raiffeisen-Holding Niederösterreich-Wien has acquired a 25.1% stake in the publishing house of the gourmet and lifestyle magazine "Falstaff." The investment will support the company's plans for international expansion, with upcoming launches in Slovakia and potential markets including Spain, Serbia, and the southern Balkans. "Falstaff" already has editions in Germany, Austria, Switzerland, and Italy, along with a restaurant guide covering Sweden, Denmark, and the Baltic states.
Raiffeisen-Holding Niederösterreich-Wien has partnered with the "WIR für Green Care" association to enhance social farming and promote sustainable development in rural areas of Austria. This collaboration emphasizes shared values of social responsibility and regional development, aiming to establish social farming as a viable model nationwide. The partnership not only provides financial support but also reinforces the importance of farmers in maintaining cultural landscapes and fostering economic growth.
Raiffeisenbank Russia's appeal to delay a €2.044 billion payment to Rasperia Trading Limited was rejected by a higher court, following a legally binding decision from a St. Petersburg court. The bank aims to expedite the payment to avoid execution proceedings, as it also faces a ban on changing ownership related to STRABAG shares. Meanwhile, RBI shares fell by 0.68% to €23.50.
The 13th Commercial Court of Appeal in St. Petersburg has upheld a ruling requiring Raiffeisenbank Russia to pay over €2 billion to Rasperia Trading Limited, a shareholder of Strabag, following a dispute linked to EU sanctions. Despite the ruling, Raiffeisenbank plans to appeal and seeks to suspend the payment during the process. The case raises questions about the current ownership of Rasperia, with conflicting claims regarding Oleg Deripaska's involvement.
A Kaliningrad court has upheld a ruling against Raiffeisenbank Russia and other defendants in a lawsuit filed by Rasperia Trading, linked to EU sanctions against Oleg Deripaska. The court ordered the bank to take over Rasperia's STRABAG shares, which are frozen due to sanctions, despite appeals claiming the ruling has questionable legal grounds. The case highlights the complex ownership and legal entanglements involving Russian assets and international sanctions.
Raiffeisenbank Russia must pay EUR 2.044 billion in damages after a court upheld a ruling related to a dispute involving Strabag and its shareholder Rasperia, affected by EU sanctions. The bank plans to appeal the decision but expects no further impact on its financials beyond a previously booked provision of EUR 840 million. Meanwhile, the ownership of the damages remains unclear, with conflicting claims regarding the involvement of Oleg Deripaska.
Rupert Reif will take over as Group Spokesman and head of Group Communications at Raiffeisen-Holding Niederösterreich-Wien and Raiffeisenlandesbank Niederösterreich-Wien starting April 1, 2025. Previously, he served as Deputy Head of Cabinet and Press Spokesman for the Federal Chancellor, with a background in economic and European policy communication. Reif aims to enhance the public image of Raiffeisen through strategic positioning and innovative communication approaches.
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