Strabag Intensifies Russian Business

IndustrialsConstruction ♦ Published: November 8, 2010; 10:22 ♦ (Vindobona)

Deripaska´s Rasperia repurchases 17 percent of STRABAG. In addition, Strabag acquires a 26 % stake in Russian construction company and signs a € 350 million contract.

Strabag Intensifies Russian Business / Picture: © Strabag SE

Rasperia Trading Ltd., a part of Deripaska´s Basic Element diversified industrial group, informed STRABAG SE, Central and Eastern Europe’s construction market leader, that it has made an agreement with STRABAG’s core shareholders – Haselsteiner Group and Raiffeisen/UNIQA Group – to repurchase a 17 % stake in STRABAG SE; closing will take place on 30 November 2010. The strike…