UPDATE 1-Strabag extends Deripaska debt deadline to Apr 3

Newswire

(Adds further details, background) VIENNA/MOSCOW, Feb 27 (Reuters) - Austrian builder Strabag SE said on Friday its shareholders had granted indebted Russian co-owner Oleg Deripaska an extra month to refinance a loan used to acquire a 25 percent stake in the company. Deripaska, Russia's richest man a year ago, now has until Apr. 3 to refinance "liabilities associated with the share acquisition", Strabag said in a statement. Deripaska borrowed 500 million euros ($633.8 million) to help ...

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