Alfa Banking Group has pulled out of purchasing Raiffeisen Bank's Zuno Bank, adding that the reason for pulling out is not connected to Zuno. March 1 (Reuters) - The bank said in a statement on its website it had decided to withdraw from the deal because "the current situation does not allow us to continue with this transaction". ABH Holdings is the parent company of Alfa Banking Group.
Alfa Banking Group has pulled out of purchasing Raiffeisen Bank's Zuno Bank, adding that the reason for pulling out is not connected to Zuno. The bank said in a statement on its website it had decided to withdraw from the deal because "the current situation does not allow us to continue with this transaction". ABH Holdings is the parent company of Alfa Banking Group.