Raiffeisen Court Verdict Could Have Positive Outcome -- Market Talk

Dow Jones

Jan 22, 2025

0815 GMT - Raiffeisen could potentially see a positive outcome to the verdict from a Russian court depending on the Austrian legal proceedings, Citi says in a note. The Austrian bank was found liable to pay 2.04 billion euros in damages to Russian firm Rasperia Trading. The case is linked to Raiffeisen's purchase of Strabag shares via its Russian subsidiary in 2023. "We estimate that the hit, once offset by likely enforcement of legal recourse against Rasperia's Austrian assets, might be lower at circa 630 million euros, although it is uncertain how much value auditors will attribute to the assets as they are subject to an asset freeze under EU sanctions," analyst Simon Nellis writes. The outcome could entail the extraction of around 1.42 billion euros out of Russia though this remains highly uncertain, he adds. (elena.vardon@wsj.com)

(END) Dow Jones Newswires

January 22, 2025 03:15 ET (08:15 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2505079418"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2505079418\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2505079418?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-01-22 16:15","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2505079418","market":"fut","top_or_hot":-1,"title":"Raiffeisen Court Verdict Could Have Positive Outcome -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0815 GMT - Raiffeisen could potentially see a positive outcome to the verdict from a Russian court depending on the Austrian legal proceedings, Citi says in a note. The Austrian bank was found liable to pay 2.04 billion euros in damages to Russian firm Rasperia Trading. The case is linked to Raiffeisen's purchase of Strabag shares via its Russian subsidiary in 2023. \"We estimate that the hit, once offset by likely enforcement of legal recourse against Rasperia's Austrian assets, might be lower at circa 630 million euros, although it is uncertain how much value auditors will attribute to the assets as they are subject to an asset freeze under EU sanctions,\" analyst Simon Nellis writes. The outcome could entail the extraction of around 1.42 billion euros out of Russia though this remains highly uncertain, he adds. (elena.vardon@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 22, 2025 03:15 ET (08:15 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Raiffeisen Court Verdict Could Have Positive Outcome -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRaiffeisen Court Verdict Could Have Positive Outcome -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-01-22 16:15</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0815 GMT - Raiffeisen could potentially see a positive outcome to the verdict from a Russian court depending on the Austrian legal proceedings, Citi says in a note. The Austrian bank was found liable to pay 2.04 billion euros in damages to Russian firm Rasperia Trading. The case is linked to Raiffeisen's purchase of Strabag shares via its Russian subsidiary in 2023. \"We estimate that the hit, once offset by likely enforcement of legal recourse against Rasperia's Austrian assets, might be lower at circa 630 million euros, although it is uncertain how much value auditors will attribute to the assets as they are subject to an asset freeze under EU sanctions,\" analyst Simon Nellis writes. The outcome could entail the extraction of around 1.42 billion euros out of Russia though this remains highly uncertain, he adds. (elena.vardon@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 22, 2025 03:15 ET (08:15 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"RAIFY","symbol_name":"Raiffeisen Bank International AG","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2505079418","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2505079418","pubTimestamp":1737533700,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0815 GMT - Raiffeisen could potentially see a positive outcome to the verdict from a Russian court depending on the Austrian legal proceedings, Citi says in a note. The Austrian bank was found liable to pay 2.04 billion euros in damages to Russian firm Rasperia Trading. The case is linked to Raiffeisen's purchase of Strabag shares via its Russian subsidiary in 2023. \"We estimate that the hit, once offset by likely enforcement of legal recourse against Rasperia's Austrian assets, might be lower at circa 630 million euros, although it is uncertain how much value auditors will attribute to the assets as they are subject to an asset freeze under EU sanctions,\" analyst Simon Nellis writes. The outcome could entail the extraction of around 1.42 billion euros out of Russia though this remains highly uncertain, he adds. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"RAIFY":"Raiffeisen Bank International AG","BK4207":"综合性银行"},"translate_title":"Raiffeisen法院判决可能会产生积极结果——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RAIFY":0.9},"content_text":"0815 GMT - Raiffeisen could potentially see a positive outcome to the verdict from a Russian court depending on the Austrian legal proceedings, Citi says in a note. The Austrian bank was found liable to pay 2.04 billion euros in damages to Russian firm Rasperia Trading. The case is linked to Raiffeisen's purchase of Strabag shares via its Russian subsidiary in 2023. \"We estimate that the hit, once offset by likely enforcement of legal recourse against Rasperia's Austrian assets, might be lower at circa 630 million euros, although it is uncertain how much value auditors will attribute to the assets as they are subject to an asset freeze under EU sanctions,\" analyst Simon Nellis writes. The outcome could entail the extraction of around 1.42 billion euros out of Russia though this remains highly uncertain, he adds. (elena.vardon@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 22, 2025 03:15 ET (08:15 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}