VIENNA Dec 7 Austrian lender Raiffeisen Bank
International (RBI) is cutting its stake in Austrian
fireproof materials maker RHI AG, RHI said on Friday.
RHI said it had been informed by the Raiffeisen group that
RBI had agreed to sell its nearly 2.9 million shares in RHI.
Half of that stake would be divested by Dec. 7, it added,
leaving RBI with a stake of around 3.6 percent.
An RBI spokesman said the shares were sold to small number
of financial investors and that he would not rule out a further
reduction in its RHI holding.
Raiffeisen got the shares as part of an RHI restructuring in
(Reporting by Angelika Gruber and Michael Shields; Editing by