Russia court orders Strabag, shareholders to pay over $2 billion to Rasperia

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Russia court orders Strabag, shareholders to pay over $2 billion to Rasperia

//business-finance.news-articles.net/content/202 .. reholders-to-pay-over-2-billion-to-rasperia.html

Published in Business and Finance on Monday, January 20th 2025 at 22:00 GMT by Reuters
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

A Russian court ordered Strabag and its Austrian core shareholders to pay 2.044 billion euros ($2.12 billion) to Russian investment company Rasperia, and that the verdict can be enforced against assets of Raiffeisen Bank International's Russian unit,

A Russian court has mandated that shareholders of the Austrian construction company Strabag, including its founder Hans Peter Haselsteiner and his family, pay over 2 billion euros to Rasperia Trading Limited, a Cyprus-based company owned by Russian tycoon Oleg Deripaska. This ruling stems from a lawsuit filed by Rasperia, which claims that Strabag shareholders failed to fulfill an obligation to buy back shares. The shares in question were originally sold to Rasperia in 2014, with an agreement that they would be repurchased by Strabag shareholders if certain conditions were met. The court's decision comes amidst a backdrop of international sanctions and geopolitical tensions, complicating the enforcement of such financial obligations.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/finance/russia-court-orders-strabag-shareholders-pay-over-2-billion-rasperia-2025-01-20/ ]