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Cogvis, a leader in intelligent care technologies, has secured a seven-figure investment from Raiffeisen-Landesbank Steiermark to enhance its expansion. This funding will support the development of AI-driven solutions that improve care management and sustainability in European long-term care. BRANDL TALOS provided legal advice for the transaction, with representation from SAXINGER for the bank.
UBS Group AG is considering a partial divestment of its asset management division, particularly its Swiss real estate assets, which could be valued at under $1 billion. This move follows a recent restructuring aimed at enhancing profitability and streamlining operations post-Credit Suisse acquisition. UBS aims to achieve significant cost reductions and has already made substantial progress in integrating its businesses.
René Benko, once a prominent Austrian real estate mogul, faces personal and financial ruin as his wife, Nathalie, files for divorce after 15 years of marriage amid his legal troubles and bankruptcy. With accusations of forgery and asset concealment, Benko's empire has crumbled, leading to significant financial consequences for the couple, including a prenuptial agreement stipulating spousal support. As investigations into potential money laundering involving Nathalie unfold, both navigate the fallout from this dramatic downfall.
Nathalie Benko has filed for divorce from her husband, René Benko, amid his serious legal troubles, including allegations of fraud and financial misconduct. The couple, married for 15 years and parents to three children, faces significant financial strain, with creditors demanding €2.4 billion linked to René's failing business empire. Nathalie is also under investigation for potential money laundering related to her financial dealings, complicating the family's already turbulent situation.
René Benko's wife, Nathalie, has filed for divorce after over a decade of marriage, citing a need to protect herself and their three children amid his legal troubles. The 47-year-old former billionaire is currently in custody, facing allegations of falsifying invoices and concealing assets during insolvency proceedings. If convicted, he could face up to ten years in prison.
Raiffeisen Bank International's share price stood at EUR 25.95 on March 17, 2025, reflecting a slight daily decline of 0.65% but a month-on-month increase of 2.80%. The stock has risen 37.20% year-on-year and is currently 39.85% above its 52-week low, though 5.82% below its high. Investors should note the upcoming Annual General Meeting on March 26 and dividend detachment on March 31, while recent analyses suggest shareholders may need to consider their positions.
BYD is considering establishing its third European car assembly plant in Germany to enhance brand awareness, despite concerns over high labor and energy costs. Currently, the company is building two NEV plants in Hungary and Turkey, with production set to start in October 2024 and March 2026, respectively. The final decision on the new plant will depend on sales performance in Europe and the capacity utilization of existing facilities.
Slaughter cattle prices in the EU continue to rise, with young bulls averaging 624.93 euros/100 kg BW, a 0.5% increase. Notable price hikes were seen in Denmark, Ireland, and Poland, while Italy experienced a 4.3% drop. Slaughter cow prices also increased to 515.87 euros/100 kg BW, with significant gains in several countries, although Austria and Spain saw declines. Heifer prices rose to 610.19 euros/100 kg BW, with Poland and Belgium leading the increases, while Italy's prices fell by 3.3%.
Raiffeisen Bank International (RBI) shares are currently priced at EUR 26.12, reflecting a 3.45% increase over the past month and an impressive annual gain of over 41%. The stock is trading more than 40% above its 52-week low, yet remains about 5% below its yearly high. Key dates for investors include the Annual General Meeting on March 26, 2025, and a dividend payment on March 31, 2025. With a market capitalization of 8.6 billion euros and a price/earnings ratio of 7.43, RBI continues to attract investor interest, though recent analyses suggest shareholders may need to consider their options.
The Carinthian Sales AWARD 2024 celebrated outstanding sales performances of local Raiffeisen banks under the motto "Challenge accepted." Raiffeisenbank Mittelkärnten was recognized as the best-selling bank, while Lara Vadlau shared insights on teamwork and resilience in sales. The event featured humor from comedian Hons Petutschnig and a lively performance by Matakustix, culminating in a competitive "Beat the Stars" challenge, where Team Raiffeisen narrowly defeated celebrity guests.
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Raiffeisen Landesbank invests in cogvis to enhance intelligent care technologies
17:15 17.03.2025
ubs group plans partial divestiture of asset management division focused on real estate
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rené benko faces divorce and financial ruin amid legal troubles
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nathalie benko files for divorce amid husband's legal troubles and financial crisis
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