Deripaska faces Friday deadline on Strabag -source

Newswire

VIENNA, Feb 24 (Reuters) - Russian oligarch Oleg Deripaska is facing a Friday deadline to repay a loan he used to buy his 25 percent stake in Austrian builder Strabag and may have to sell the stake, sources familiar with the matter said. Deripaska borrowed 500 million euros ($641 million) to help pay for his Strabag stake in 2007. This loan, originally from Deutsche Bank, was secured with his Strabag stake and refinanced by other Strabag shareholders last year. [ID:nLA637039] Those other ...

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