Strabag: Time is Running Out for Deripaska

People ♦ Published: November 5, 2010; 14:49 ♦ (Vindobona)

The re-entry of Deripaska into the largest Austrian construction group is to be fixed still this weekend. His comeback has been expected for several weeks.

The deadline for the purchase option for 25% of Strabag for Deripaska is today, Friday. The construction company says: "Currently, the documents are being finalized." Details are not known yet. The Strabag share package that Deripaska acquires is for around 550 million euro (770 millions dollars).

For the CEO Hans-Peter Haselsteiner, the comeback is a done deal. Details on the…

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RZB Raiffeisen Zentralbank, Raiffeisen, M & A, Strabag, Hans Peter Haselsteiner, Oleg Deripaska, Deutsche Bank
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