Austria's RZB unit plans Vienna bourse flotation

The unlisted Austrian bank Raiffeisen Zentralbank (RZB) plans to float its subsidiary Raiffeisen International Bank-Holding on the Vienna Stock Exchange, an Austrian newspaper reported on Saturday. The report in Die Presse said the roadshow for its central and eastern European subsidiary, which competes with Austria's Erste Bank and HVB Group subsidiary Bank Austria Creditanstalt, would begin on April 4.
However, an informed Austrian banking source told Reuters that a date for the roadshow in early 2005 was not definite. RZB's supervisory has also not yet approved the plan, the paper said.
"I can't comment on this," an RZB spokesman said about the Die Presse report.