• Sat. May 4th, 2024

Raiffeisen Holding Realigns for Sustainable Growth and Expansion into New Markets

BySamantha Jones

Apr 25, 2024
Raiffeisen Holding is looking to expand into new business sectors

Raiffeisen Holding, a leading private equity holding and conglomerate with numerous corporate investments, is undergoing a strategic realignment. During a meeting at the business journalists’ club, CEO Michael Höllerer announced plans to give the company a new profile and venture into new business areas.

Currently, the holding company has investments in various sectors, including food and beverage with companies like Agrana, NÖM dairy, and Leipnik Lundenburger mill group, as well as financial institutions such as Raiffeisen Landesbank Niederösterreich-Wien and Strabag, Europe’s largest construction group.

Höllerer is focused on expanding into new business sectors such as health, care, and energy. Raiffeisen considers itself a sustainable investor that supports customers with the energy transition by offering services like the popular green electricity tariff “Auri One.” The company also holds a majority stake in KURIER through Medicur Holding. Recent developments in the media industry due to Signa Group’s bankruptcy have led to discussions around media holdings and potential acquisitions.

The holding company has expressed interest in acquiring Signa’s media assets but has not specified which aspects are of interest. While there have been concerns about some of the deals involving the holding, including a Strabag-Russia deal, Höllerer assured that necessary compliances have been adhered to. The holding company has been navigating complex financial structures and potential acquisitions while attracting attention from regulatory bodies like the European Central Bank.

In addition to its strategic realignment plans, Raiffeisen Holding also expressed views on Austria’s financial strategies, particularly around paying interest on treasury notes in light of shifting financial landscapes. While there are ongoing negotiations and acquisitions in progress, the holding is navigating challenges and evolving business priorities with a focus on sustainable investments and strategic realignments.

By Samantha Jones

As a content writer at newsnnk.com, I weave words into captivating stories that inform and engage our readers. With a passion for storytelling and an eye for detail, I strive to deliver high-quality and engaging content that resonates with our audience. From breaking news to thought-provoking features, I am dedicated to providing informative and compelling articles that keep our readers informed and entertained. Join me on this journey as we explore the world through the power of words.

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