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Raiffeisen not making Strabag stage purchase date public at shareholders meeting

The deal to acquire the stake in Strabag is a good "interim" step for the bank’s exit from Russia, Raiffeisen Bank International CEO Johann Strobl said

VIENNA, April 4. /TASS/. Chief Executive Officer of Austria-based Raiffeisen Bank International Johann Strobl elected not to specify when the company could buy Rasperia Trading Limited's stake in the Austrian construction holding Strabag.

"We continue to believe that such a transaction is valid and possible but I cannot disclose any dates for you today," Strobl said, cited by the ORF web portal.

The deal to acquire the stake in Strabag is a good "interim" step for the bank’s exit from Russia, the chief executive said.

Earlier reports said that Russian businessman Oleg Deripaska notified Strabag about the sale of Rasperia Trading Limited controlled by him, which holds the stake in the holding. The company together with its stake in Strabag is now controlled by Iliadis company, the construction holding said.

In December 2023, Raiffeisen announced its plans to buy from Rasperia Trading Limited their stake in Strabag for 1.51 bln euro.

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US fails to shoot down Iranian missiles, drones in strike on Israel — IRGC general

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Russian missile cruiser Varyag enters Mediterranean Sea

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Russian Defense Minister attends meeting on special military operation

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