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Raiffeisen Bank International Withdraws from Controversial STRABAG Transaction
Raiffeisen Bank International AG (RBI) has announced that it will no longer pursue the planned acquisition of shares in STRABAG SE. This decision was made public in an ad hoc announcement in which the bank stated that it had not received the necessary comfort in discussions with the relevant authorities to proceed with the transaction. RBI therefore decided to refrain from the transaction for reasons of prudence.
Raiffeisen Bank International (RBI) is coming under increasing pressure from the USA due to its Russian business. / Picture: © Raiffeisen Bank International AG / S. Klimpt
STRABAG SE, a leading construction company, will thus retain MKAO "Rasperia Trading Limited" as a shareholder. Rasperia, formerly under the control of Russian oligarch Oleg Deripaska, is now owned by Iliadis JSC, as shown in a notification of major shareholdings from March 2024. However, the 24.1% of STRABAG shares held by Rasperia remain frozen, in line with EU sanctions…
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