Raiffeisen earlier announced plans for its Russian subsidiary to buy a stake in an Austrian construction group Shares in Raiffeisen Bank International (RBI) rallied around 12% on Wednesday shortly after the banking group announced plans for its Russian unit to purchase a stake in Austrian construction company Strabag. A complex transaction is expected to help the two Austrian companies reduce their Russian exposure. A 27.78% stake in Strabag is currently owned by Rasperia Trading, linked to sanctioned Russian businessman Oleg Deripaska. Raiffeisen, which operates the largest foreign-owned bank in Russia, said earl
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