Editions:  Austria · Denmark · France · Germany · Italy · Norway · Spain · Sweden · Switzerland
Advertisement

Deripaska expands Austrian involvement

Share this article

Deripaska expands Austrian involvement
A Strabag construction site. Photo: APA
12:27 CEST+02:00
Russian oligarch Oleg Deripaska's Cyprus based Rasperia Trading is expanding its involvement in Austrian construction giant Strabag.

Deripaska, who already held 19.4 percent of shares, has purchased additional shares worth about €123 million ($166m), and now holds a blocking minority of 25 percent plus one share.

In 2007, Deripaska already took over 30 percent of Austria's biggest and Europe's sixth-biggest building firm Strabag, but later sold out again except for a token share.

Strabag's turnover was already estimated several years ago at more than €12 billion. Its total staff is about 76,000.

It has been heavily involved in projects in Russia, including cooperation with firms controlled by Deripaska.

Deripaska had a practical monopoly in the Russian aluminium sector during the 2000's as owner of the world's number one company Rusal.

His industrial empire employs an estimated quarter of a million workers.

Strabag is an Austrian construction company, with its headquarters in Vienna.

Current stakeholders, alongside Rasperia Trading, are Hans Peter Haselsteiner's holding company with 25.5 percent, the Raiffeisen-Holding Niederösterreich-Wien group and Raiffeisen Group and UNIQA Group with 26.5 percent.

Thirteen percent of the company's shares represent free float, and ten percent of the shares are held by Strabag itself.

 
Get notified about breaking news on The Local

Share this article

Advertisement

From our sponsors

You won't believe how many Stockholmers are actually immigrants

To celebrate International Migrants Day, the team at Beyond Borders hit the streets to chat with Stockholmers about where they come from.

Advertisement
Advertisement
Jobs
Click here to start your job search
Advertisement
Advertisement

Popular articles

Advertisement

Noticeboard

Advertisement