UNIQA Insurance Group AG, Raiffeisen-Holding Niederösterreich-Wien registrierte Genossenschaft mit beschränkter Haftung, Haselsteiner Familien-Privatstiftung and Hans Peter Haselsteiner and Klemens Haselsteiner made a mandatory public offer to acquire a 14.44% stake in Strabag SE (WBAG : STR) for approximately €580 million.

UNIQA Insurance Group AG (WBAG:UQA), Raiffeisen-Holding Niederösterreich-Wien registrierte Genossenschaft mit beschränkter Haftung, Haselsteiner Familien-Privatstiftung and Hans Peter Haselsteiner and Klemens Haselsteiner made a mandatory public offer to acquire a 14.44% stake in Strabag SE (WBAG : STR) for approximately €580 million on August 18, 2022. The offer price is €38.94 cash per share. The bidders currently control a total of 59,281,132 ordinary shares, constituting approximately 57.78% of the share capital of Strabag.

There is no minimum acceptance threshold for the offer. The offer will not apply to the 28,500,001 Strabag shares held by MKAO Rasperia Trading Limited. Since Rasperia cannot exercise its voting rights due to the sanctions, the bidders therefore are limited to acquire maximum 14,818,867 shares, constituting approximately 14.44% of the share capital of STRABAG.

The completion of the offer is conditional upon approval by the Hungarian and any other relevant competition authorities.