Strabag CEO Haselsteiner says cancelled May IPO could be carried out in autumn |
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Wed, 25 Apr 2007 11:37
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VIENNA (Thomson Financial) - Strabag AG chief executive Hans-Peter Haselsteiner said that the companys very recently cancelled initial public offering planned for May could still be carried out this autumn, according to the Austrian news agency APA.Haselsteiner told journalists at an ad hoc press conference this morning that providing approval is granted by the cartel authorities and the banks involved, up to 15 mln new shares could be issued in an initial public offering to boost the construction company's expansion in Eastern Europe.Earlier today, Uniqa Versicherungen, a major shareholder in the company, confirmed that Russian oligarch Oleg Deripaska had acquired a 30 pct stake in Strabag via a capital increase.Haselsteiner confirmed this had been carried out via 25 mln new shares at a price of 42 eur, in addition to 3.5 mln shares received from other shareholders.fiona.flanagan@thomson.comff/bsdCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
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Strabag IPO 'uncertain' as unnamed Russian investor takes 30 pct stake UPDATE 