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Article: Deripaska may sell Strabag shares - newspaper.
- Article from:
- Russia & CIS Business and Financial Newswire
- Article date:
- February 18, 2009
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Deripaska may sell Strabag shares - newspaper
MOSCOW. Feb 18 (Interfax) - Oleg Deripaska's Basic Element may sell its 25% stake in Austrian engineering and construction concern Strabag SE before the end of February, Der Standard reported citing sources in financial circles.
The shares might be sold to other shareholders in the company: Raiffeisen Holding Niederosterreich-Wien, Uniga Versicherungen AG and the family of Strabag chief Hans-Peter Haselsteiner, the newspaper said.
The loan that Basic Element raised to finance acquisition of the Strabag stake comes due on February 27. The shares might be sold for under 20 euro each, less than half the ...