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Article: Deripaska gets another month to refinance loan for Strabag buy.
- Article from:
- Russia & CIS Business and Financial Newswire
- Article date:
- February 27, 2009
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Deripaska gets another month to refinance loan for Strabag buy
MOSCOW. Feb 27 (Interfax) - Rasperia Trading Limited, a company representing the interests of Russian tycoon Oleg Deripaska, has received a one-month reprieve from creditors as it seeks to refinance a loan of 500 million euro used to purchase a 25% stake in Strabag, the Austrian engineering and construction concern said on Friday.
The loan was scheduled to come due on Friday, February 27.
A source at Deripaska's Basic Element holding confirmed the deadline extension.
A consortium of Strabag shareholders provided the loan to Rasperia: Raiffeisen Holding Niederosterreich-Wien, ...