(Bloomberg) -- Oleg Deripaska, Russia's second- richest man, agreed to buy 30 percent of Austrian contractor Strabag SE for about 1.2 billion euros ($1.64 billion) to tap a building boom in eastern Europe.
Strabag, Austria's biggest construction company and one of the largest in Germany, will increase its share capital to allow the sale to Deripaska's Rasperia Trading Ltd., Strabag said today at a press conference in Vienna.
Read more at Bloomberg Emerging Markets News
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