Russia tycoon Oleg Deripaska is to become again a principal shareholder of Austrian Strabag SE construction concern. Deripaska is to buy out 17 % of Strabag
for ?373,065 million (earlier, at the height of economic crisis, he had to sell his share fraction). Strabag, in its turn, buys 26% shares of belonging to Deripaska Transstroy, one of the Russian first-rate civil engineering company companies, dealing with transport and infrastructure.
Moreover, Strabag concern and Glavstroy corporation, member of Deripaska's Basic Element group of companies are planning to sign a memorandum of understanding which involves Strabag into constructing Olympic village in Sochi for Olympic Games 2014.
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Author: Yulia Buzykina