Binder Grösswang advises Raiffeisen Bank International on the sale of its share in card complete Service Bank AG

Raiffeisen Bank International sells its shares in card complete Service Bank AG to EAVISTA.

Raiffeisen-Invest-Gesellschaft m.b.H., a subsidiary of Raiffeisen Bank International AG, sold its shares (25.1%) in card complete Service Bank AG to EAVISTA Beteiligungsverwaltungs GmbH by way of a purchase agreement on 17 February 2025. At the same time, UniCredit Bank Austria AG also sold its 50.1% stake in EAVISTA. AVZ GmbH (AVZ Privatstiftung) remains a shareholder. The closing of the agreement is subject to approval by the regulatory authorities.

Raiffeisen Bank International provides credit cards directly to bank customers of the Austrian Raiffeisen sector. card complete will continue to provide payment solutions for retailers as well as credit cards for private and corporate customers.

EAVISTA Beteiligungsverwaltungs GmbH is owned by Arif Babayev, a British entrepreneur with over 20 years of experience in the banking and financial services sector. Together with Nurlan Zhagiparov, he founded the UK-based payment services company DNA Payments Limited.

The Binder Grösswang transaction team was led by partner Thomas Schirmer and partner Mona Holzgruber (both Corporate / M&A) and consisted of and associate partner Stephan Heckenthaler (Banking Regulatory), Christopher Marchel (Corporate / M&A), attorney David Rötzer (Banking & Finance), attorney Christoph Raab (Competition Law), partner Clemens Willvonseder (Tax Law), attorney Dario Schmelz (Dispute Resolution), partner Ivo Rungg (IP/IT) and partner Regina Kröll (Regulatory/FDI).

Dorda advised UniCredit Bank Austria AG under the leadership of Christoph Brogyányi and Christian Ritschka. EAVISTA was advised by bpv Hügel led by Christoph Nauer and Thomas Lettau.