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Deripaska sells company with stake in Austria’s Strabag — press release

Rasperia Trading Limited "would no longer be (indirectly) controlled by Oleg Deripaska once the purchase agreement is executed," the holding noted

VIENNA, December 19. /TASS/. Russian businessman Oleg Deripaska notified the Austria-based Strabag construction holding about the decision to sell Rasperia Trading Limited, a company under his control, which holds 27.8% in the holding, Strabag said in the press release.

"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 <…> 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," Strabag said.

Rasperia Trading Limited "would no longer be (indirectly) controlled by Oleg Deripaska once the purchase agreement is executed," the holding noted.

"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," Strabag added.

Deripaska was included into the sanction list of the European Union in April 2022.