Deripaska increases Strabag stake

By Chris Sleight15 July 2014

Strabag in Moscow

Strabag in Moscow

Rasperia Trading, a subsidiary of Russian businessman Oleg Deripaska conglomerate Basic Element has increased its shareholding in Strabag from 19.4% to 25% plus one share.

The 6.38 million shares were bought at € 19.25 each for a total of € 123 million from Strabag’s core shareholders, the Haselsteiner family, Raiffeisen bank and the UNIQUA insurance group.

The deal, by way of a call option that Basic Element has on the shares, takes its interest in Strabag back to the level it was at in early 2009. May 2009 saw Basic Element sell its shareholding to the Haselsteiner family and Raiffeisen to service debt elsewhere in the business.

Following the deal, the Haselsteiner family holds 25.5% of Strabag, Raiffeisen and UNIQA hold 26.5% and Rasperia Trading holds 25% plus one share. Some 13% of the company is traded as free float and it holds 10% of its own capital.

MAGAZINE
NEWSLETTER
Delivered directly to your inbox, Construction Europe Newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
More News from Construction Europe
Skanska raises the climate bar
Swedish construction giant now targeting 70% carbon emissions reduction by 2030
Peri launches digital concrete monitoring kit
Temperature Monitoring and Concrete Maturity Kit takes temperature readings from different points in concrete
ISG starts construction of ‘UK’s first gigaplant’
Britishvolt manufacturing facility in Northumberland will produce 300,000 low-carbon battery cells for automotive sector
CONNECT WITH THE TEAM
Mike Hayes Editor, Construction Europe Tel: +44 (0)1892 786 231 E-mail: mike.hayes@khl.com
Simon Kelly Sales Manager Tel: +44 (0) 1892 786 223 E-mail: simon.kelly@khl.com
CONNECT WITH SOCIAL MEDIA