Basic Element group exercises the call option for 17 percent stake in STRABAG
New shareholder structure as of 1 December 2010
Vienna, 1 December 2010 Rasperia Trading Ltd., a part of Basic Element
diversified industrial group, informed STRABAG SE, that it exercised
the call option for 17% stake in STRABAG SE, Central and Eastern
Europe’s construction market leader, on 30 November 2010. In compliance
with the agreement signed earlier with STRABAG’s core shareholders -
Haselsteiner Group and Raiffeisen/UNIQA Group, Rasperia repurchased
19,380,000 shares of the Austrian company for € 373,065,000, or € 19.25
per share.
With the 17% stake Rasperia remains a full-fledged member of the
syndicate on the basis of the existing shareholder agreement with
Haselsteiner Group and Raiffeisen/UNIQA Group.
Furthermore, the members of the syndicate agreed to provide Rasperia
with an extension of the call option for the remaining 8 % until 15
July 2014 (the initial option covered 25 %).
STRABAG SE’s new shareholder structure as of 1 December 2010 is
available in the attached pdf-document.
STRABAG SE is one of Europe’s leading construction groups. With some
75,500 employees, STRABAG generated a construction output volume of €
13.0 billion in the 2009 financial year. As a result, STRABAG is listed
in the Fortune Global 500 list as one the largest companies worldwide.
From its core markets of Austria and Germany, STRABAG is present via
its numerous subsidiaries in all countries of Eastern and South-East
Europe, in selected markets in Western Europe and on the Arabian
Peninsula. STRABAG’s activities span the entire construction industry
(Building Construction and Civil Engineering, Transportation
Infrastructures, Special Foundation Engineering and Tunnelling) and
cover the entire value-added chain in the field of construction. More
information is available at www.strabag.com.
