News Column

STRABAG SE - Core shareholder Rasperia raises stake to 25 percent + 1 share

July 17, 2014



ENP Newswire - 17 July 2014

Release date- 16072014 - Vienna - Rasperia Trading Ltd., a subsidiary of industrial conglomerate Basic Element, has notified the publicly listed construction company STRABAG SE today that it has exercised a call option to purchase shares and has thus increased its holding from 19.4 % to 25 % + 1 share, a stake it had already held years ago.

Rasperia said it acquired 6.377.144 shares of STRABAG SE for EUR 19.25 apiece and for a total investment of around EUR 123 million from the company's other core shareholders - the Haselsteiner Family, Raiffeisen and UNIQA.

Following this transaction, which is based on an agreement closed by the core shareholders in 2010, Rasperia now holds a blocking minority in STRABAG SE, as it previously did after the company's IPO in 2007.

The latest shareholder structure of STRABAG SE is as follows:

Haselsteiner Family: 25.5 %

Raiffeisen and UNIQA Group: 26.5 %

Rasperia Trading: 25.0 % + 1 Aktie

Free float: 13.0 %

Own shares: 10.0 %

STRABAG SE is a European-based technology group for construction services, a leader in innovation and financial strength. Our services span all areas of the construction industry and cover the entire construction value chain. We create added value for our clients by our specialised entities integrating the most diverse services and assuming responsibility for them.

We bring together people, materials and machinery at the right place and at the right time in order to realise even the most complex construction projects - on schedule, of the highest quality and at the best price. The hard work and dedication of our more than 73,000 employees allows us to generate an annual output volume of about EUR 14 billion. At the same time, a dense network of numerous subsidiaries in many European countries and, increasingly, on other continents is helping to expand our area of operation far beyond the borders of Austria and Germany.

More information is available at www.strabag.com

CONTACT:

Diana Neumuller-Klein

STRABAG SE

Tel: +43 1 22422-1116

Fax: +43 1 22422-1177

Email: diana.klein@strabag.com


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: ENP Newswire


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters