Austria's RBI plans fresh appeal after Russian court upholds damages over Strabag deal
24/04/2025 12:12
BERLIN, April 24 (Reuters) - Raiffeisen Bank International (RBI) RBIV.VI said on Thursday it plans another appeal after a Russian court upheld over 2 billion euros ($2.28 billion) in damages ordered over a collapsed deal involving Austrian construction company Strabag STRV.VI. The Russian appeals court upheld a first-instance verdict in the case brought by Russian investment company Rasperia, whose stake in Strabag RBI had planned to buy in order to unlock some of its frozen assets in Russia. The Austrian lender will appeal the latest verdict, it said in a statement, adding that it was finalising a claim against Rasperia in Austria, expected to be filed in the second quarter of this year. ($1 = 0.8789 euros) (Writing by Rachel More, editing by Kirsti Knolle) ((rachel.more@thomsonreuters.com;))
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