MILAN (Reuters) – Raiffeisen’s share and bonds fell again on Thursday, after Reuters reported earlier this week that Washington was pressing the Austrian bank to cancel a deal with a sanctioned Russian tycoon. The U.S. wants Raiffeisen to ditch the purchase of a $1.6 billion stake in Strabag from a company the Vienna-based builder identified as controlled by Oleg Deripaska, the Russian oligarch, Reuters reported on Wednesday.
The intervention has thrown the deal – which had sparked a rally in Raiffeisen’s shares when it was announced in December – into doubt. The report sent shares in the biggest Western bank in Russia tumbling on Wednesday by as much as 16% to a three-month low and Raiffeisen scrapped the sale of a 650 million euro bond, blaming “adverse market reaction to the latest headlines”.
On Thursday, Raiffeisen shares were down 1.2% at 1245 GMT. Raiffeisen’s December 2026 6% coupon AT1 bond was last trading at 93.661 cents,…
