Support The Moscow Times!

Alfa Denies Raiffeisen Talks

Alfa denied on Monday an Austrian newspaper report that it was in exclusive talks to buy Raiffeisen Bank International's Ukrainian unit.

"There are no exclusive talks with Raiffeisen on behalf of Alfa Group," a spokesman for Russia's biggest privately owned lender said in response to a weekend report by Der Standard, which said RBI wanted 1.3 billion euros ($1.77 billion) for the unit.

"In this light, it is difficult even to comment on the amount," the Alfa spokesman said, without giving further details.

Alfa Banking Group owns Alfa Bank.

RBI is also looking at offers for its Hungarian unit as it sharpens its focus on core markets.

A spokeswoman for RBI had said Sunday: "We do have several offers for Aval, which we are looking at at the moment. No decision has been taken whatsoever, though."

Read more

Independent journalism isn’t dead. You can help keep it alive.

As the only remaining independent, English-language news source reporting from Russia, The Moscow Times plays a critical role in connecting Russia to the world.

Editorial decisions are made entirely by journalists in our newsroom, who adhere to the highest ethical standards. We fearlessly cover issues that are often considered off-limits or taboo in Russia, from domestic violence and LGBT issues to the climate crisis and a secretive nuclear blast that exposed unknowing doctors to radiation.

Please consider making a one-time donation — or better still a recurring donation — to The Moscow Times to help us continue producing vital, high-quality journalism about the world's largest country.