Bloomberg News

EU Approves RZB Shares Sale by Hypo Niederoesterreich

December 20, 2011

(Corrects to specify share sale is by Hypo.)

Dec. 20 (Bloomberg) -- The European Commission approved the sale of a stake in Raiffeisen Zentralbank Oesterreich AG by Hypo Niederoesterreich to several private buyers, according to a statement on the Brussels-based regulator’s website today.

The transaction doesn’t break state aid rules because “there is no indication that the sale was carried out below market value,” the commission said.

To contact the reporter on this story: Aoife White in Brussels at

To contact the editor responsible for this story: Peter Chapman at

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