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Austria's RBI says Grizzly take on business contains wrong, misleading statements

Austria's RBI says Grizzly take on business contains wrong, misleading statements

- Austria's Raiffeisen Bank International RBIV.VI said on Thursday that it had seen a number of factually wrong and misleading statements upon in an initial review of comments by Grizzly Research on its business.

"We stand by the strength of our compliance systems, which have been reviewed many times," the bank said after the short seller said it had taken a short position on RBI.

Shares in RBI dropped nearly 9% at the start of trading.


(Reporting by Linda Pasquini, editing by Thomas Seythal)

((linda.pasquini@thomsonreuters.com))

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