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.

Strabag: Time is Running Out for Deripaska / Picture: © Wikipedia / Dzinko

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…