Raiffeisen Fell Sharply, a Well-Known Investor Bought Immediately
4 Articles
4 Articles
The bank was allegedly working with dozens of companies under sanctions, a new report claims.
Petrus Advisers bought shares of Raiffeisen Bank International after Grizzly Research, a short-selling investment firm, made serious allegations against the Austrian bank, sending the stock down 6 percent in a single day. Petrus said the report was poorly supported, which is why they bought shares during Thursday's drop. Raiffeisen has denied the allegations and is considering legal action.
Raiffeisen Bank International sees itself in the sights of a New York shortseller. The investment company itself keeps some information secret.
Petrus Advisers Ltd. ("Petrus"), read the report published yesterday by Grizzly Research on Raiffeisen Bank International AG ("RBI"), our analysis was carried out by Petrus Legal Strategies, our specialized team for complex international litigation, as well as by our team focused on the financial services and banking industry. In short, the attack does not impress us – we are currently examining [...] Grizzly's contribution to Raiffeisen Bank In…
Coverage Details
Bias Distribution
- 34% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
