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Uniqa confirms Russian Rasperia buys 30% stake of Austrian builder Strabag

Uniqa Versicherungen AG said today that they have agreed to give Rasperia Trading Ltd, a company owned by Russian Oleg Deripaska, 30% of the share capital in Strabag SE.

Uniqa Versicherungen AG said its holding in Strabag will be reduced to 18% as a result. The capital stock of Europe's sixth largest construction company will thereby be increased by €1.05 billion($1.43 billion), Strabag SE said Wednesday in Vienna. The Russian investor will be a strategic, not a financial partner to the Austrian company. Oleg Deripaska, Russia's second-richest man, owner of world's largest aluminum company. Strabag wants to expand in eastern Europe, which currently accounts for about 30% of its output. (monstersandcritics.com, abcmoney.co.uk)