Clean Break: the company completely halting Russian engagements or exiting Russia
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Strabag
STRABAG Societas Europaea is a public Austrian construction company headquartered in Vienna.
Clean Break: the company completely halting Russian engagements or exiting Russia
Leave WithdrawalGlob.Revenue, mln.USD
19118
Austrian construction group Strabag set out details of a planned capital reduction in its latest step aimed at decreasing the stake held by a company belonging to sanctioned Russian shareholder Oleg Deripaska.
The Company Statement
September 11, 2023
Winding down operations in Russia; terminating shareholder syndicate agreements with Deripaska. MKAO Rasperia Trading Limited, a Strabag STRV.VIshareholder formerly controlled by Russian businessman Oleg Deripaska, was sold to Russian company Iliadis JSC, the Austrian construction firm. Raiffeisen abandoned the deal with Deripaska after US pressure.
October 23, 2024 | Rasperia seeks sale of Strabag stake to Raiffeisen's Russian unit in court, Vedomosti reports |
October 23, 2024 | Rasperia seeks sale of Strabag stake to Raiffeisen's Russian unit in court, Vedomosti reports |
May 08, 2024 | Raiffeisen abandoned the deal with Deripaska after US pressure |
April 03, 2024 | Austrian central bank chief sees 'tail risk' in Raiffeisen's Strabag deal |
March 27, 2024 | Deripaska transfers Strabag stake to Russian firm Iliadis |
March 27, 2024 | The Austrian developer Strabag got rid of Deripaska. RBI should have bought his share |
March 27, 2024 | Strabag said that Deripaska sold Rasperia Trading Limited |
December 19, 2023 | Raiffeisen and Deripaska skirt Russia sanctions with €1.5bn deal |
October 02, 2023 | Strabag to issue new shares to reduce sanctioned Russian businessman's stake |
March 15, 2022 | STRABAG SE: core shareholder Haselsteiner family foundation terminates syndicate agreement / no dividend for Russian company Rasperia |
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