Automatically translated version. May contain inaccuracies compared to the original.
The Vienna court obligated Rasperia to pay Raiffeisen 3,15 billion euros.
The Regional Court of Vienna ordered the sanctioned Russian company Rasperia Trading Limited, which owns a stake in the Austrian construction group Strabag and is linked to Russian billionaire Oleg Deripaska, to pay Raiffeisen Bank International about 3,15 billion euros in damages. Reuters reports.
It is noted that Rasperia has four weeks to appeal the decision; otherwise it will take effect.
Thus, there is a possibility that in about a month RBI will approach the Austrian financial regulator with a request to unfreeze the assets of the Russian Rasperia to collect funds in the bank’s favor.
The frozen assets include 28,5 million shares of the Austrian construction group Strabag, dividends accumulated since 2021 year, and also funds from the capital reduction of the company in March 2024 year.
Recall that Raiffeisen has not exited Russia and continues to operate there.
Regarding the dispute, it is connected with the thwarted 2023 year agreement under which the Russian subsidiary of RBI planned to acquire a stake of Rasperia in Strabag. The deal was abandoned due to sanctions risks. Later, a Russian court ordered the Russian subsidiary of Raiffeisen to pay Rasperia about 2 billion euros in compensation. After this, RBI filed a lawsuit in Austria, demanding reimbursement of the bank’s losses.
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