Construction company Strabag has managed to reduce the stake of Russian major shareholder Oleg Deripaska to below 25 percent with a special dividend. “This is intended to reduce relevant disadvantages and risks for Strabag SE,” the company said in a statement on Monday.
Strabag decided in June to distribute reserves to shareholders. With the exception of Deripaska, shareholders could choose to receive the distribution in cash or shares. Since 87.6 percent of the eligible shares (60.9 percent of the share capital) have now opted for the stock option, the share of the company MKAO “Rasperia Trading Limited”, controlled by Deripaska, will decrease from the previous 27, 8 percent to approximately 24.1 percent. message. The exact shares will be published this week.
15.6 million new shares will be issued
In addition to the core shareholders (Haselsteiner family, UNIQA and Raiffeisen), 26.4 percent of the free float also decided to purchase new shares. Therefore, as part of the ordinary capital increase in kind in March 2024, approximately 15.6 million new shares will be issued – the share capital will increase by 15.2 percent.
In June, the Klagenfurt Regional Court rejected a legal appeal by Strabag shareholder Rasperia against its exclusion from Strabag’s annual general meeting in June 2022, citing EU sanctions.
Source: Krone
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