Raiffeisen Shares Jump on Report EU Proposed Strabag Transfer

Raiffeisen Bank International AG's shares saw a significant jump, rising the most in two months, following a report that the European Union (EU) has proposed the bank receive shares in the construction company Strabag SE as compensation. The report suggests that Raiffeisen was forced to pay damages in Russia, and the EU's proposed solution is to transfer Strabag shares to the bank as a form of reimbursement. Strabag is an Austrian construction company in which Raiffeisen holds a minority stake. The news highlights the potential compensation Raiffeisen may receive for the damages it was required to pay in Russia, which could help offset the financial impact on the bank. The jump in Raiffeisen's share price reflects the market's positive response to this development, as it could provide a favorable outcome for the bank.
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