Raiffeisen Polska to submit IPO prospectus mid 2015

Raiffeisen Bank International plans to list part of its Polish business by mid-2015 and and hopes to sell the whole business by the start of 2016, its chief executive told Reuters on Wednesday. Karl Sevelda, CEO of the lender, said that the IPO would consist of at least a 15 percent stake and that Raiffeisen wants to simultaneously carry out talks over selling the whole unit. "We will prepare everything for the IPO [including the prospectus] and at the same time negotiate with a new shareholder, majority shareholder probably," he said during a visit in Bulgaria. "I cannot fix a date right now, but I think the preparatory works for the IPO are on track. It is happening right now, so I could imagine that we will surrender the prospectus to the regulator, to the KNF, around mid-year," he added.