Clean Break: the company completely halting Russian engagements or exiting Russia
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Strabag
Strabag
STRABAG Societas Europaea is a public Austrian construction company headquartered in Vienna.
Clean Break: the company completely halting Russian engagements or exiting Russia
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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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