14.04.2019, 885 Zeichen

Post: Austrian Post and Grawe Banking Group have agreed to enter into a partnership to build up a focused financial services business in Austria. It is planned for Austrian Post to acquire 80% of Brüll Kallmus Bank AG, part of the Grawe Banking Group, by means of a capital increase and thus assume management control of the company. Subject to regulatory approval, Austrian Post will subsequently contribute about EUR 56m within the context of a capital increase. In this way, the legal foundation for creating an independent service offering will be created. Austrian Post expects start-up costs to arise over the first three years within the context of developing a new offering of financial services and positive earnings contributions afterwards.
Österreichische Post: weekly performance: 2.27%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (10/04/2019)

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