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Deripaska: Back to Austria as Strabag Shareholder?

People ♦ Published: September 29, 2010; 15:06 ♦ (Vindobona)

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In 2 weeks, on October 15, the deadline expires for Oleg Deripaska to re-purchase his 25% share of the domestic construction company Strabag for about half a billion euro.

Deripaska: Back to Austria as Strabag Shareholder? / Picture: © Wikipedia / Dzinko

In spring 2009 he had to pawn his share of a quarter of Strabag, purchased in 2007, because the financial crisis had plunged him into liquidity problems.

The Raiffeisen / UNIQA Group and the private foundation of Strabag boss Hans Peter Haselsteiner bailed him out with cash, taking over temporarily the Strabag shares and granting Deripaska an option to purchase back the…