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Shareholder MKAO “Rasperia Trading Ltd.” takes legal action against STRABAG SE and core shareholders

6 September 2024

MKAO “Rasperia Trading Limited” files lawsuit with court in Kaliningrad
Legal action directed against STRABAG SE, core shareholders and Russia-based AO Raiffeisenbank

MKAO “Rasperia Trading Limited” (“Rasperia”) has taken legal action against STRABAG SE, the Austrian core shareholders and AO Raiffeisenbank before a court in Kaliningrad, Russia. Rasperia claims that, because of the measures taken by STRABAG and the core shareholders in response to the sanctions against it, the shares it holds in STRABAG have become worthless for it.

Rasperia accuses STRABAG and the core shareholders, through compliance with EU sanctions, of having acted to the detriment of Rasperia. The damages being sought, amounting to € 1.9 billion, are to be collected from AO Raiffeisenbank in Russia, as enforcement in Europe is (naturally) hopeless. The court also imposed an injunction on Raiffeisen Bank International’s shareholdings in its Russian subsidiary AO Raiffeisenbank, as announced by RBI yesterday evening.

The suit is currently not expected to have any economic impact on STRABAG SE.

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Marianne Jakl
STRABAG SE
Head of Corporate Communications
Group Spokeswoman

+43 1 22422 1174

pr@strabag.com

Marco Reiter
Head of Investor Relations

+43 1 22422 1089

marco.reiter@strabag.com

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.