$RBI (+1,15 %) They wanted to wind down their Russian business, but that didn’t work out due to the sanctions. There was an attempt to repatriate stranded capital to Austria through the purchase of Strabag shares. That failed due to the sanctions and U.S. pressure. Subsequently, a court ruling was issued in Russia, resulting in the funds being seized there. Conversely, RBI sued Rasperia in Austria for damages. The case isn’t final yet, but Rasperia isn’t appealing. Essentially, the outcome is exactly the deal that was originally planned. The story is a bit complicated if you haven’t been following it closely :-) . Now a short seller has also jumped on the story.
Raiffeisen’s stock price has risen ~58% year-to-date and ~110% over the past year.
