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BayWa plans to divest its shares in RWA Raiffeisen Ware Austria by 2025 as part of a strategy to sell off nearly all foreign holdings by 2027. The agricultural giant aims to raise around four billion euros to significantly reduce its debt from over five billion euros, ensuring its financial stability. RWA, a key player in the Austrian Raiffeisen goods organization, generated €3.56 billion in revenue in 2023.
Starting in the first quarter of 2025, electric car drivers will be able to charge with green electricity from Raiffeisen energy cooperatives at public charging stations in Burgenland, which boasts 100% coverage with energy cooperatives. This initiative, part of a mobility partnership with ÖAMTC and Siemens, aims to enhance regional energy use by utilizing surplus electricity from local cooperatives at charging stations, promoting a collaborative approach to the energy transition across Austria.
Raiffeisen Research has removed SBO from its Top Picks list, citing a lack of support for energy stocks due to current oil price forecasts and uncertainties in future oil production projects. The updated list includes companies such as 3M, Allianz, Amazon, and Microsoft, among others. Verbund, Austria's leading electricity company, is a major player in hydropower generation and has been publicly listed since 1988.
Raiffeisen Burgenland has launched a network of energy cooperatives in Austria, achieving 100% coverage in Burgenland. This initiative integrates fast charging stations into the cooperatives, utilizing surplus electricity for e-mobility, offering significant savings for cooperative members. The model will expand to other regions by 2025, promoting sustainable and affordable mobility across Austria.
Tibbloc, a rental company specializing in energy solutions, has been acquired by Gimv, which now holds a majority stake alongside the founders. Founded in 2007, Tibbloc has grown from 70 employees and €19 million in sales to 120 employees and projected sales of €40 million by 2024, with plans to double this figure in five years. The company focuses on providing temporary rental solutions across various sectors, emphasizing low-carbon options and recent acquisitions to expand its service offerings.
Thomas Koch, Sales Manager at Raiffeisen Bausparkasse for 22 years, highlights the dynamic nature of sales, achieving over 6.5 million home loan and savings contracts. Despite current challenges in real estate financing, he remains optimistic about a market recovery by 2025, emphasizing the importance of expertise and digital solutions in navigating complexities.
Daniel Raemy, with extensive experience in private banking, partnered with Panattoni to establish the Newport Logistics Fund, focusing on high-quality logistics properties across Europe. Since its inception, the fund has successfully invested in eight projects, with Fund III launched in September 2024, targeting 300 million euros in equity for at least ten new logistics developments. Investors can expect a competitive yield of 15 percent net per year, benefiting from a robust market position and strategic partnerships.
Pig slaughtering in the EU increased by 0.7% to 146 million from January to August 2024, with pork production rising by 1.9% to 13.9 million tons, indicating a halt in the previous downward trend. Pork exports stabilized at 2.50 million tons, with China reducing its purchases by 7.3%, while significant increases were seen in exports to the Philippines, South Korea, Vietnam, and the USA.
International tickets can now be purchased via the SBB app, simplifying the booking process for Swiss travelers. However, users may encounter issues with the Half-Fare Plus payment option and face higher prices due to outdated exchange rates, which are only adjusted sporadically.
Ukrainian banks are set to sign a joint memorandum to standardize financial monitoring practices, addressing issues like tax evasion and illegal payment schemes. Raiffeisen Bank's head emphasized the importance of separating financial monitoring from banking secrecy to maintain public trust. The National Bank of Ukraine is pushing for stricter regulations to combat misuse of financial systems while aligning with EU standards.
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