Raiffeisen to sell Polish unit – sources

Austrian lender Raiffeisen Bank International has decided to sell its Polish subsidiary Raiffeisen Polbank, according to market sources quoted by Reuters. “Raiffeisen's Polish unit is for sale,” one of the sources said. Two others confirmed the news. Raiffeisen has merged its Polish unit with Polbank, which it acquired from Greek EFG Eurobank in 2012. The parent company declined to confirm the news. “No decisions have been made,” RBI spokesperson Ingrid Krenn-Ditz said. “In Poland we are currently focusing on the preparation of the IPO. The size, structure and timing of the IPO are still open.”