About the Russian subsidiary: – RBI buys 27.8% shares of Deripaska in Strabag

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Raiffeisen Bank International (RBI), through its Russian subsidiary AO Raiffeisenbank, wants to acquire the 27.8 percent stake in construction group Strabag, which Strabag’s controversial Russian major shareholder Oleg Deripaska has put up for sale.

The RBI announced on Tuesday evening that a total of 1.5 billion euros must flow for a total of 28,500,000 Strabag shares. The execution of the takeover is still subject to various checks and approvals from the authorities. After the transaction is completed (closing), AO Raiffeisenbank will transfer the Strabag shares to RBI as dividend in kind, it is said.

On Tuesday morning it was announced that Putin’s friend Deripaska had transferred his 27.8 percent stake in Strabag to a Russian stock company called Iliadis JSC. Strabag’s board of directors was informed today that a purchase agreement had been concluded for all shares in MKAO “Rasperia Trading Limited” (Rasperia), which is controlled by Deripaska, the group said.

Deripaska’s assets frozen since 2022
Shortly after Russia’s attack on Ukraine, oligarch Deripaska, considered a confidant of Putin, was placed on the sanctions list by the EU in April 2022. His assets were also frozen. Strabag continues to assume that Rasperia’s shares have been acquired

Source: Krone

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