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“There was a sense of fear, so the share price fell. Once we told them the exchange ratios, the share price jumped” Herbert Stepic, Raiffeisen International |
What’s the latest news with the merger?
We had assemblies on July 7 and 8 where the merger was approved. Also the details of the share exchange ratios were agreed during these two days. The free float will fall slightly from 27.2% to 21.5% and consequently RZB’s share in the new bank, which will be called Raiffeisen Bank International (RBI), will increase from 72.8%
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