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Oleg Deripaska Transfers Stake in Strabag to Russian Firm Iliadis

2024-03-27 09:26:19.670000

Russian billionaire Oleg Deripaska has completed the transfer of his stake in Austrian construction firm Strabag to Russian company Iliadis JSC. The sale was announced in December, and Deripaska's former shareholder, MKAO Rasperia Trading Limited, held a 24.1% stake in Strabag. Raiffeisen Bank International (RBI) had initially planned to purchase Rasperia's stake, but the deal faced scrutiny from US authorities, who urged the bank to abandon the plans. Strabag has stated that it cannot confirm whether the transfer of Rasperia's stake to Iliadis has been completed, and it continues to assume that the stake remains frozen under European Union sanctions. [5638ad1e]

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