Brief: Austrian Post and Grawe Banking Group have agreed to enter into a partnership

Oesterreichische Post AG

08/04/2019 20:12

April 8 (Reuters) - Oesterreichische Post AG  POST.VI :
    * AUSTRIAN POST AND GRAWE BANKING GROUP HAVE AGREED TO ENTER
INTO
A PARTNERSHIP TO BUILD UP A FOCUSED FINANCIAL SERVICES BUSINESS
IN AUSTRIA
    * OESTERREICHISCHE POST - SUBJECT TO REGULATORY APPROVAL,
AUSTRIAN
POST WILL ACQUIRE AN 80% STAKE IN BRÜLL KALLMUS BANK, PART OF
GRAWE BANKING GROUP
    * OESTERREICHISCHE POST -  SUBJECT TO REGULATORY APPROVAL,
AUSTRIAN POST WILL SUBSEQUENTLY CONTRIBUTE ABOUT EUR 56 MILLION
WITHIN CONTEXT OF A CAPITAL INCREASE

Source text for Eikon:  urn:newsml:reuters.com:*:nAPA2Qhsbt
Further company coverage:  POST.VI 

 ((Reuters.Briefs@thomsonreuters.com;))