2023-10-02 06:52:20
The construction company Strabag has managed to reduce the stake of major Russian shareholder Oleg Deripaska to below 25 percent with a special dividend. “This is intended to reduce relevant disadvantages and risks for Strabag SE,” as the company said in a statement on Monday.
Strabag decided in June to distribute reserves to shareholders. With the exception of Deripaska, shareholders were able to receive the distribution either in cash or as shares. Since 87.6 percent of the eligible shares (60.9 percent of the share capital) have now chosen the share option, the share of the company MKAO “Rasperia Trading Limited” controlled by Deripaska will fall from the previous 27.8 percent to around 24.1 percent, says the message. The exact shares are to be published this week.
In addition to the core shareholders (Haselsteiner family, UNIQA and Raiffeisen), 26.4 percent of the free float also decided to purchase new shares. Therefore, as part of the ordinary capital increase in kind in March 2024, around 15.6 million new shares will be issued – the share capital increases by 15.2 percent.
In June, the Klagenfurt regional court dismissed a legal challenge brought by Strabag shareholder Rasperia once morest his exclusion from Strabag’s annual general meeting in June 2022, citing EU sanctions.
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