Russian Oligarch Oleg Deripaska Sells STRABAG Shares to Russian Corporation

PeopleEntrepreneurs ♦ Published: December 19, 2023; 13:17 ♦ (Vindobona)

The Russian oligarch and major shareholder of STRABAG, Oleg Deripaska, has initiated a sale of his considerable stake in the Austrian construction group to a Russian joint stock company.

The Strabag Headquarter in Vienna. / Picture: © Wikimedia Commons / Robert F. Tobler / CC BY-SA 4.0 (

Deripaska plans to transfer his 27.8 percent stake in STRABAG to Iliadis JSC, as reported by ORF. The Management Board of STRABAG was informed today of the conclusion of a purchase agreement with MKAO Rasperia Trading Limited, which is controlled by Deripaska, but has not yet been finalized.

This development follows…