Rasperia exercises option to buy 6.377.144 shares in STRABAG SE for € 19.25 apiece
Vienna, 15 July 2014----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 € 19.25 apiece and for a total investment of around € 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 € 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.
