PRESS RELEASE
from STRABAG SE (isin : AT000000STR1)
EQS-Adhoc: MKAO Rasperia Trading Limited, with its 24.1% stake in STRABAG SE, reportedly transferred to Iliadis JSC
EQS-Ad-hoc: STRABAG SE / Key word(s): Investment
MKAO Rasperia Trading Limited, with its 24.1% stake in STRABAG SE, reportedly transferred to Iliadis JSC
27-March-2024 / 08:25 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
MKAO Rasperia Trading Limited, with its 24.1% stake in STRABAG SE, reportedly transferred to Iliadis JSC
STRABAG SE yesterday evening received major holdings notifications from Oleg Deripaska and Iliadis JSC indicating that MKAO Rasperia Trading Limited has been transferred to Iliadis JSC, thus completing the sale in Russia that had been announced in December 2023.
According to the notifications, MKAO Rasperia Trading Limited, with its 24.1% stake in STRABAG SE, is now controlled by Iliadis JSC, with Oleg Deripaska relinquishing his previous (indirect) control.
The company has no further information regarding the transaction that has now been completed as announced in the major holdings notifications. It is therefore currently not possible to carry out a sanctions review, so that the company continues to assume that the STRABAG shares held by MKAO Rasperia Trading Limited remain frozen in accordance with the EU Sanctions Regulation.
The company is currently unable to assess whether the notified completion of the transaction in Russia will have any impact on the intended acquisition of these STRABAG SE shares by Raiffeisen Bank International AG, of which the company was also notified in December 2023. In any case, the company has not received any notification from Raiffeisen Bank International AG regarding the execution of this transaction.
- Acquisition of MKAO Rasperia Trading Limited by Iliadis JSC completed according to major holdings notifications
- Sanctions review required
- Further acquisition by Raiffeisen Bank International AG as announced still open
STRABAG SE yesterday evening received major holdings notifications from Oleg Deripaska and Iliadis JSC indicating that MKAO Rasperia Trading Limited has been transferred to Iliadis JSC, thus completing the sale in Russia that had been announced in December 2023.
According to the notifications, MKAO Rasperia Trading Limited, with its 24.1% stake in STRABAG SE, is now controlled by Iliadis JSC, with Oleg Deripaska relinquishing his previous (indirect) control.
The company has no further information regarding the transaction that has now been completed as announced in the major holdings notifications. It is therefore currently not possible to carry out a sanctions review, so that the company continues to assume that the STRABAG shares held by MKAO Rasperia Trading Limited remain frozen in accordance with the EU Sanctions Regulation.
The company is currently unable to assess whether the notified completion of the transaction in Russia will have any impact on the intended acquisition of these STRABAG SE shares by Raiffeisen Bank International AG, of which the company was also notified in December 2023. In any case, the company has not received any notification from Raiffeisen Bank International AG regarding the execution of this transaction.
End of Inside Information
27-March-2024 CET/CEST News transmitted by EQS Group AG. www.eqs.com
Language: | English |
Company: | STRABAG SE |
Donau-City-Straße 9 | |
1220 Vienna | |
Austria | |
Phone: | +43 1 22422 – 1089 |
Fax: | +43 1 22422 - 1177 |
E-mail: | investor.relations@strabag.com |
Internet: | www.strabag.com |
ISIN: | AT000000STR1, AT0000A36HH9, AT0000A36HJ5 |
Listed: | Vienna Stock Exchange (Official Market) |
EQS News ID: | 1868133 |
End of Announcement | EQS News Service |
1868133 27-March-2024 CET/CEST