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Oleg Deripaska
Russian Court Decision Complicates Raiffeisen Bank International Planned Sale of Subsidiary Bank
The planned exit of Raiffeisen Bank International AG (RBI) from Russia has suffered a significant setback. A Russian court has issued a temporary injunction blocking the sale of the Russian subsidiary AO Raiffeisenbank. This decision could significantly delay the Austrian bank's efforts to reduce its presence in Russia.
September 5, 2024
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.
May 15, 2024
RBI in a Balancing Act Between Sanction Risks and Solid Management
Raiffeisen Bank International (RBI) is currently caught between geopolitical tensions and its own business progress. Recent developments have led the bank to take cautious steps to avoid sanction risks on the one hand and to present its robust quarterly results on the other, which show that the bank remains strong even without the income from Russia and Belarus.
May 2, 2024
Russian Oligarch Oleg Deripaska Sells STRABAG Shares to Russian Corporation
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.
December 19, 2023
Construction Giant Strabag Removes Russian Voice on Supervisory Board
At the recently held Extraordinary General Meeting of STRABAG SE, Thomas Bull, a member delegated by the major shareholder Rasperia, was dismissed. His company is owned by the Russian oligarch Oleg Deripaska, who must therefore completely relinquish his control over Strabag.
May 5, 2022
These Are the 10 Finest Hotels in Austria
After two lean years, Austrian tourism is looking forward to the new season. More hotel guests are expected again, and this is urgently needed. We present you the 10 best hotels in Austria. One of them, belonged to the controversial Russian oligarch Oleg Deripaska. Read on if you want to know which one and where to book your upcoming luxory vacation.
April 6, 2022
Russian Operations of Strabag: Haselsteiner Cancels Syndicate Agreement with Holding Company of Oligarch Oleg Deripaska
Recently, the Haselsteiner Family Private Foundation informed the Strabag Board of Directors that it has terminated a syndicate agreement between the main shareholders. Previously, several attempts to buy up all the shares of the major Russian investor Oleg Deripaska failed.
March 15, 2022
How do Russian Politicians and Oligarchs Withdraw their Money from Austria?
The Russian money nobility has begun to repatriate large amounts of its western-hoarded money back to Russia in order to deprive it of access by Western authorities. The countries of origin are above all Switzerland, but also Austria and Great Britain. Sberbank, Russia's largest and state-owned bank, speaks of an atypically high capital inflow to Russia. Within a few weeks, a tripling of such repatriation transactions took place compared to the same period of the previous year. The sum is hundreds of millions of dollars. The average transfer amount has increased within a year by 50% to 3 million dollars. This meets with the Kremlin's desire to repatriate Russian assets.
February 22, 2018
Ex-Magna Boss Buys Former Employer's Headquarters in Oberwaltersdorf
The Styrian Car Manager of Oleg Deripaska's Russian Machines Company and former Magna CEO Siegfried Wolf has bought the former Magna headquarters in Oberwaltersdorf.
March 2, 2016
Poland: Strabag to Construct S7 Section “Trasa Nowohucka” in Kraków Worth € 130 Million
A consortium comprising Strabag Sp. z o.o. and Heilit+Woerner Sp. z o.o, two subsidiaries of Austrian listed company Strabag SE, has signed a contract for the construction of a stretch of the planned S7 expressway in the east of Kraków, called “Trasa Nowohucka”, which will run between Rybitwy and Igołomska.
July 24, 2014
Oleg Deripaska's Basic Element Raises Stake in Strabag to Over 25 Percent
Russian oligarch Oleg Deripaska's option to increase his stake in Austrian construction group Strabag SE to 25 percent plus one share (a blocking minority stake) has been exercised.
July 16, 2014
Strabag to Build Steel Plant in Russia for € 300 Million
Publicly listed construction group Strabag SE has been contracted by Russia’s Tula-Steel Company to build a steel production and rolling mill in Tula, some 200 km south of Moscow. The industrial complex will be constructed in close vicinity to Tulachermet’s existing iron mill. The contract value is € 300 million. Construction of the project will begin in autumn 2014 and is expected to be completed within 36 months. Also today, BWB the Austrian antitrust authority has approved the acquisition of a total of 25% in Strabag by Oleg Deripaska, the Russian oligarch.
July 14, 2014
Deripaska to Raise his Stake in Strabag to 25%
Russian oligarch Oleg Deripaska plans to raise his stake in construction company Strabag to 25% from 19.4%.
June 12, 2014
Strabag: Haselsteiner to Leave as CEO
Russia will not surpass Germany as the most important market, the outgoing CEO explains. He expresses his disappointment in the market.
June 14, 2013
Deripaska Increases Stake in Strabag
The Russian industrialist Oleg Deripaska buys 0.6% of Strabag shares. In total, he holds a stake of 18.2%.
January 18, 2013
Strabag: Haselsteiner Underlines Importance of Russia
In 2007, the Austrian construction company announced to establish its third core market in Russia. However, Strabag is still far from that.
April 28, 2012
Strabag: Poland as a Replacement for Russia?
Sales of the Austrian construction company in Russia are slow in coming. Instead, other growth regions could be pushed.
February 9, 2011
It Is Official: Deripaska Is Back at Strabag
Basic Element group exercises the call option for 17 percent stake in Strabag.
December 1, 2010
Strabag Intensifies Russian Business
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.
November 8, 2010
Strabag: Time is Running Out for Deripaska
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.
November 5, 2010
Deripaska Again at Strabag
After Deripaska’s decision, and successful talks with Strabag boss Haselsteiner, the Russian oligarch is a partner in the construction group again.
October 25, 2010
Magna-Steyr Member of the Board Apfalter becomes Europe Boss of the Magna Group
Apfalter stays on as Magna-Steyr CEO; Eibeck, as Europe Vice-President, is responsible for the Russian market
October 15, 2010
Russian Machines: Siegfried Wolf Obtains a Stake and Receives Clear Voting Rights
Siegfried Wolf, one of the two former top executives of Magna International not only changes over (as reported) to Oleg Deripaska's “Basic Element” company, but will also have a stake in it.
September 29, 2010
Deripaska: Back to Austria as Strabag Shareholder?
In 2 weeks, on October 15, the deadline expires for Oleg Deripaska to re-purchase his 25% share of the domestic construction company Strabag for about half a billion euro.
September 29, 2010
Magna - Siegfried Wolf to leave in November
Magna International Inc. today announced that Siegfried Wolf, Magna's Co-Chief Executive Officer, has resigned as a director and officer effective November 15, 2010.
September 13, 2010
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