DGAP-Adhoc: Raiffeisen Zentralbank Österreich Aktiengesellschaft: Raiffeisen Banking Group UNIQA shares to be pooled and held by RZB

Raiffeisen Zentralbank Österreich Aktiengesellschaft  / Key word(s):
Miscellaneous 

31.10.2016 17:51

Disclosure of an inside information according to Article 17 MAR,
transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

---------------------------------------------------------------------------

Vienna, 31 October 2016. Raiffeisen Zentralbank Österreich AG (RZB) has,
with the authorization of the Supervisory Board, resolved to purchase
shares in UNIQA Insurance Group AG amounting to a 2.24 per cent stake in
total from Raiffeisen-Holding Niederösterreich-Wien, Raiffeisen-Landesbank
Steiermark and Raiffeisenlandesbank Kärnten. Together with the sale
announced in July, RZB will consequently hold around 10.87 per cent of the
shares in UNIQA in total. As a result of the purchase, the UNIQA shares
held by the Raiffeisen Banking Group will be pooled and held at RZB level,
and the holding structure for the subsidiaries will be further simplified.
It was agreed that the purchase price would be kept confidential. Execution
of the transaction is to take place in 2016.

The purchase of the 2.24 per cent UNIQA stake will have a small negative
effect on capital ratios. The impact of both transactions on RZB's common
equity tier 1 ratio (fully loaded) will still be positive in the amount of
around 60 basis points and the impact on the common equity tier 1 ratio
(transitional) will still be positive in the amount of around 40 basis
points, based on the most recently available financial data. The effect
would be identical for the merged entity comprising RZB and Raiffeisen Bank
International AG.

The purchase is subject to a positive assessment by the Austrian Takeover
Commission.

For further information please contact:

Susanne E. Langer
Head of Group Investor Relations
Raiffeisen Zentralbank Österreich AG 
Am Stadtpark 9
1030 Vienna, Austria
ir@rzb.at
phone +43-1-71 707-2089
www.rzb.at


31.10.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de

---------------------------------------------------------------------------
 
Language:     English
Company:      Raiffeisen Zentralbank Österreich Aktiengesellschaft
              Am Stadtpark 9
              1030 Vienna
              Austria
Phone:        +43 1 26216 - 0
Fax:          +43 1 26216 - 1715
E-mail:       rzb-office@rzb.at
Internet:     www.rzb.at
ISIN:         AT0000A1DNL2
WKN:          A1ZY1B
Listed:       Luxemburg, Wien
 
End of Announcement                             DGAP News-Service
 
---------------------------------------------------------------------------