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© STRABAG
© STRABAG

MKAO Rasperia Trading Limited, with its 27.8% stake in STRABAG SE, to be transferred to Iliadis JSC

  • Iliadis JSC announces conclusion of purchase agreement for acquisition of 100% of the shares in MKAO Rasperia Trading Limited
  • Execution of purchase agreement remains pending
  • Sanctions review required

The Management Board of STRABAG SE was informed today by the Russian joint stock corporation Iliadis JSC and Oleg Deripaska, by means of a major holding notification pursuant to Sections 130ff of the Austrian Stock Exchange Act (BörseG), that Iliadis JSC on 14 December 2023 concluded a purchase agreement for 100% of the shares in MKAO Rasperia Trading Limited. The transaction has not yet been executed.

According to the shareholding notification, MKAO Rasperia Trading Limited would no longer be (indirectly) controlled by Oleg Deripaska once the purchase agreement is executed.

The company has no further information regarding the transaction. It is therefore currently not possible to carry out a sanctions review, so that the company continues to follow the assumption that the STRABAG shares held by MKAO Rasperia Trading Limited remain frozen in accordance with the EU Sanctions Regulation.

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STRABAG SE is a European-based technology group for construction services, a leader in innovation and financial strength. Our activities span all areas of the construction industry and cover the entire construction value chain. We create added value for our clients by taking an end-to-end view of construction over the entire life cycle – from planning and design to construction, operation and facility management to redevelopment or demolition. In all of our work, we accept responsibility for people and the environment: We are shaping the future of construction and are making significant investments in our portfolio of more than 250 innovation and 400 sustainability projects. Through the hard work and dedication of our approximately 86,000 employees, we generate an annual output volume of around € 19 billion.
Our dense network of subsidiaries in various European countries and on other continents extends our area of operation far beyond the borders of Austria and Germany. Working together with strong partners, we are pursuing a clear goal: to design, build and operate construction projects in a way that protects the climate and conserves resources. More information is available at www.strabag.com.