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Stefan Pierer, Mark Mateschitz, and Raiffeisen Oberösterreich have finalized their acquisition of a 50.1% majority stake in firefighting equipment supplier Rosenbauer, following the necessary approvals, including from Kuwait authorities. The takeover will be executed through a capital increase, despite only moderate interest in the mandatory offer from the free float.
Austria's largest credit card company, Card Complete, has been sold to British investor Arif Babayev, who now holds 75.1% through his EAVISTA holding company. While the sale impacts customers of Bank Austria and Raiffeisen, those with cards from other partner banks will see no changes. A seamless transition to new credit cards from the respective banks is expected by the end of the year, with existing cards remaining valid until then.
The ÖFB is set to elect a new president on May 18 in Bregenz, amid rising tensions highlighted by Raiffeisen's critical letter urging for professionalism and suggesting candidates like Kurt Svoboda and Roland Schmid. The election committee, led by Martin Mutz, is preparing a requirements profile for the position, as discussions around the future structure of the association continue. Other potential candidates include Wolfgang Bartosch, Brigitte Annerl, and Christian Jauk, with the landscape of leadership still evolving.
Raiffeisen is intensifying its stance against the Austrian Football Association (ÖFB), threatening to withdraw sponsorship if its demands are not met. This comes as the bank also battles against a proposed bank levy, marking a dual strategy of defense and aggressive negotiation. Having sponsored the ÖFB for over 20 years, Raiffeisen's actions signal a significant shift in their long-standing partnership.
Raiffeisen has reportedly threatened to reconsider its sponsorship of the Austrian Football Association (ÖFB) due to alleged communication issues. In a letter, the banking group demands that the ÖFB's management be placed in professional hands and has proposed two potential candidates for the role.
Raiffeisen Bank International (RBI) and Bank Austria are transitioning customers from the card complete service to their own credit card offerings by the end of 2025, with seamless changes and new cards linked to Apple Pay and Google Pay. Customers will be informed about the switch in early 2025, as both banks have sold their stakes in the card complete company to EAVISTA. Following this, RBI shares fell 3.21% to 24.14 euros in Vienna.
ÖFB President Wolfgang Bartosch faces growing discontent from sponsors, including a loyal partner who has expressed displeasure in a letter regarding the current situation at the ÖFB. Despite a positive upswing under team manager Ralf Rangnick, the organization is under pressure as sponsors expect better management and communication.
EAVISTA Beteiligungsverwaltungs GmbH is acquiring a 75.1% stake in Card Complete by purchasing Raiffeisen Bank International's 25% share and UniCredit Bank Austria's 50.1%. This transition, led by entrepreneur Arif Babayev, aims to enhance Card Complete's market position in cashless payment solutions.Starting January 1, 2026, Raiffeisen Bank International and UniCredit will directly offer credit cards to their customers, ending their cooperation with Card Complete. Affected customers will receive personal notifications in early 2025 regarding the changes and new offerings.
Raiffeisen, a major sponsor of the Austrian Football Association (ÖFB), has expressed dissatisfaction with the ongoing internal conflicts within the organization, threatening to withdraw support. The banking group criticized the lack of communication following key leadership changes and called for an external president, suggesting candidates Kurt Svoboda and Roland Schmid. Raiffeisen warned that future cooperation hinges on decisions that prioritize the association's interests over internal politics.
A power struggle within Austria's largest sports association, ÖFB, has prompted sponsor Raiffeisen to threaten withdrawal unless the organization adopts a more professional approach. CEO Petra Walter's letter to the executive committee calls for an external president and suggests candidates, warning that internal interests could jeopardize future cooperation. Interim president Wolfgang Bartosch's ambitions for a permanent role appear increasingly unrealistic amid these developments.
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