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VIENNA, Jan 29 (Reuters) - A Russian leasing unit of Austrian lender Raiffeisen Bank International (RBIV.VI) is among the companies targeted by sanctions that Ukraine announced overnight, RBI said on Sunday. Ukrainian President Volodymyr Zelenskiy announced a wave of sanctions overnight targeting 182 Russian and Belarusian companies along with three individuals. Ukraine often calls on companies including RBI to leave Russia, though its latest sanctions are unlikely to have a significant impact on RBI's Russian business. "The political decision of the Ukrainian government to put around 30 Russian leasing companies, including Raiffeisen Leasing Russia, on a sanctions list means that leased goods of Raiffeisen Leasing Russia's customers can be confiscated on Ukrainian territory," an RBI spokesperson said. "Raiffeisen Leasing Russia is a wholly owned subsidiary of Raiffeisenbank Russia.
Strike brings trains to standstill across Austria
  + stars: | 2022-11-28 | by ( ) www.reuters.com   time to read: +1 min
The strike affected transport at all levels, from public transport to regional services and long-distance night trains, as well as rail freight lines. The head of the nation's rail network said services would be more or less back to normal by the following day. Wedged between eight countries including Italy, Germany, Switzerland, Hungary and the Czech Republic, Austria is an important hub for European rail travel. The main rail workers' union had called for a 400 euro ($417.88) monthly pay rise for the sector's 50,000 employees. The union called Monday's "warning strike" after a fifth round of negotiations fell through on Sunday.
The valuations of listed financial technology firms have plunged 70% in 2022, analysts at Jefferies Group said in a note last week. The Columbus, Ohio regional bank is scouring for more targets after it bought Torana, a payments fintech, in May. PNC Financial Services Inc (PNC.N) in September bought Linga, a fintech focused on restaurant operations and sales. The slide in fintech valuations coincides with banks earning more from traditional lending businesses as interest rates rise. Fintech deals enable banks to buy new technology or products instead of developing them in-house.
OMV bets on more LNG from ADNOC, Q3 profit soars
  + stars: | 2022-10-28 | by ( ) www.reuters.com   time to read: +2 min
Like other European energy companies, OMV, which until the Ukraine war depended heavily on Russian oil and gas, is striving to diversify its supplies. "For us, it is important that we diversify the gas supply for Austria and this is a building block." High energy prices meant OMV (OMVV.VI), in which the Austrian state holds 31.5%, nearly doubled its core profit in the third quarter. For some years, OMV has been shifting its growth focus towards high-quality plastics such as polyethylene, polypropylene and PVC, from oil and gas. Mubadala, which also holds 24.9% in OMV, agreed to sell a remaining 25% stake in Borealis to ADNOC in April.
Red Bull owner Dietrich Mateschitz dies aged 78
  + stars: | 2022-10-23 | by ( ) www.reuters.com   time to read: +3 min
Red Bull owner Dietrich Mateschitz (R) congratulates Red Bull Formula One driver Sebastian Vettel of Germany for winning the championship and the Abu Dhabi Grand Prix at the Yas Marina circuit November 14, 2010. REUTERS/Ahmed JadallahOct 22 (Reuters) - Dietrich Mateschitz, the Austrian billionaire founder and owner of energy drink company Red Bull, died on Saturday at the age 78 after a serious illness with cancer. The Styrian-born entrepreneur built a global empire around the energy drink Red Bull and was considered the richest man in Austria. The group achieved a turnover of 7.8 billion euros in 2021 and sold 9.8 billion Red Bull cans worldwide. Mateschitz was also the founder and owner of Red Bull Racing, a Formula 1 racing team based in Milton Keynes, Britain.
REUTERS/Denis Balibouse/File PhotoVIENNA, Oct 18 (Reuters) - A consortium including Norwegian energy group Aker has made an unsolicited offer to buy most of Austrian oil and gas firm OMV's exploration and production business, according to newspaper report on Tuesday which an industry source confirmed to Reuters. Register now for FREE unlimited access to Reuters.com RegisterAn industry source confirmed the consortium's expression of interest but identified Aker BP as the member rather than Aker ASA. OMV confirmed that it had received a letter expressing interest in its E&P business. The offer also did not include OMV's Romanian unit Petrom or E&P business in Russia, Kurier reported. The consortium estimated the value of the 51% stake in the E&P division at $5.5 billion to $7 billion, Kurier added.
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