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Deripaska expands Austrian involvement

Russian oligarch Oleg Deripaska's Cyprus based Rasperia Trading is expanding its involvement in Austrian construction giant Strabag.

Published: 16 July 2014 12:27 CEST
Deripaska expands Austrian involvement
A Strabag construction site. Photo: APA

Deripaska, who already held 19.4 percent of shares, has purchased additional shares worth about €123 million ($166m), and now holds a blocking minority of 25 percent plus one share.

In 2007, Deripaska already took over 30 percent of Austria's biggest and Europe's sixth-biggest building firm Strabag, but later sold out again except for a token share.

Strabag's turnover was already estimated several years ago at more than €12 billion. Its total staff is about 76,000.

It has been heavily involved in projects in Russia, including cooperation with firms controlled by Deripaska.

Deripaska had a practical monopoly in the Russian aluminium sector during the 2000's as owner of the world's number one company Rusal.

His industrial empire employs an estimated quarter of a million workers.

Strabag is an Austrian construction company, with its headquarters in Vienna.

Current stakeholders, alongside Rasperia Trading, are Hans Peter Haselsteiner's holding company with 25.5 percent, the Raiffeisen-Holding Niederösterreich-Wien group and Raiffeisen Group and UNIQA Group with 26.5 percent.

Thirteen percent of the company's shares represent free float, and ten percent of the shares are held by Strabag itself.

 

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BUSINESS

Where are Austria’s big international companies located?

Austria's most prominent international companies are involved in banking, insurance, and construction projects worldwide, many but are they all found in Vienna?

Published: 1 December 2023 11:33 CET
Where are Austria's big international companies located?

Here’s where each of the ten largest companies in Austria, by revenue generated last year, are located, both within Vienna and outside of the capital.

One of Central and Eastern Europe’s biggest insurance firms, the Vienna Insurance Group is headquartered in the capital. Their main offices are directly north of the Innere Stadt on Schottenring, close to the Rossau district.

A fellow insurance firm, the Uniqa Group, is located close by. Owning over fifteen significant insurance providers across Europe, they are market leaders alongside Vienna Insurance Group. Their headquarters can be found in the eponymous Uniqa Tower, on Ferdinandstraße close to the Karmeliterviertel.

Erste Group, one of the continent’s biggest providers of financial services, was founded just over two hundred years ago in Leopoldstadt, a suburb adjoining Vienna’s centre to the east. Today, the group is headquartered in the Erste Campus, less than a five-minute walk from Vienna’s central train station.

Founded in the fifties, OMV is the country’s largest oil and gas company. The company owns three European refineries, including one at Schwechat in Lower Austria, near the capital. The company is based in the Hoch Zwei building in the Second District, near the banks of the Danube.

Construction company Strabag, responsible for massive infrastructure projects across Europe and South East Asia, is located across the Danube from OMW, near the Austria Centre and the expansive Donaupark.

Banking giant Raiffeisen International is headquartered in the Weissgerberviertel, north of Vienna’s city centre. Other divisions, including their software development teams, are based throughout the city centre.

Construction company Porr Group, which has many subsidiaries in Austria and involvement in significant railway building projects throughout Europe, has headquarters in Vienna’s south, five kilometres away, in the Favoriten district.

Verbund AG, Austria’s largest energy provider, can also be found outside Vienna’s centre. It is based to the south-west, close to the Mariahilf district and the city’s Westbahnhof, or western train station.

Steel and technology group Voestalpine is located away from Vienna in Linz, Upper Austria, roughly equidistant between Salzburg and Vienna. The company’s headquarters can be found between the Spallerhof district and the Industriegebeit, or industrial area.

Finally, international metals and technology firm Andritz AG is also based outside Vienna, in Graz in Styria. Their headquarters is some distance from the city centre, in the district which gave the company its name: Graz-Andritz.

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