Deripaska to Raise his Stake in Strabag to 25%

Industrials › Construction ♦ Published: June 12, 2014; 15:16 ♦ (Vindobona)

Russian oligarch Oleg Deripaska plans to raise his stake in construction company Strabag to 25% from 19.4%.

Deripaska to Raise his Stake in Strabag to 25% / Picture: © Wikipedia / Dzinko

Austria's competition watchdog BWB said in a statement that Deripaska's Cypriot investment Company Rasperia Trading Ltd had notified it of its intention to buy a further 5.6 percent of Strabag.

Deripaska has an option valid until July to boost his stake to 25% - a level he previously held - via purchases from other core shareholders: Raiffeisen Bank Niederösterreich-Wien,…

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