"Rasperia Trading Limited successfully challenges Raiffeisenbank's court decision in legal dispute"
Breaking News The Kaliningrad Oblast Arbitration Court made a significant decision in February 2025, awarding Cyprus-based Rasperia Trading Limited a staggering €2.044 billion ($2.1 billion) after a lawsuit over a collapsed deal with Austrian Raiffeisen Bank International for Strabag shares.
It all began when RBI announced plans to acquire 27.78% of Strabag shares from Rasperia Trading Limited for €1.5 billion at the end of 2023. However, the deal fell through in May 2024 due to warnings from European authorities.
In response, Rasperia Trading Ltd, now known as MCao "Rasperia Trading Limited" after its re-domiciliation in Russia, filed a lawsuit seeking to recover around €2 billion, representing Strabag's share capital, unpaid dividends, and interest. The suit named ten defendants, including Strabag and Raiffeisenbank.
In September 2024, the Kaliningrad Oblast court imposed a precautionary measure, prohibiting transactions involving Raiffeisenbank shares. By January 2025, the court upheld Rasperia Trading Limited's claim, ordering the defendants to pay MCao the specified sum and transfer Strabag SE shares to its balance sheet.
Lawyer Igor Ozeretskiy, managing partner of K&P Group, stated that Rasperia Trading Limited is satisfied with the ruling. Raiffeisenbank, on the other hand, has announced its intention to file a cassation appeal against this decision, claiming no connection to the actions of third parties that led to its assets being seized.
Despite the intention to appeal, a representative of Raiffeisenbank confirmed the bank will execute the court's decision within the set timeframe. The bank boasts a substantial volume of liquidity and capital to meet this requirement, ensuring it will not impact operational activities, financial stability, or client interests.
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Tags: #Raiffeisenbank #Courts
- Raiffeisenbank International, the defendant in a lawsuit filed by Rasperia Trading Limited over a collapsed deal involving Strabag shares in 2024, has announced their intention to file a cassation appeal, claiming no connection to the actions of third parties that led to their assets being seized.
- In January 2025, the Kaliningrad Oblast court upheld Rasperia Trading Limited's claim, ordering the defendants to pay MCao (formerly Rasperia Trading Limited after its re-domiciliation in Russia) the specified €2.044 billion sum and transfer Strabag SE shares to its balance sheet.
- Despite the intent to appeal, Raiffeisenbank confirmed they will execute the court's decision within the set timeframe, ensuring they have the sufficient volume of liquidity and capital to meet this requirement, which will not impact operational activities, financial stability, or client interests.
- Businesses and finance experts are closely watching the General-News of the ongoing legal dispute between Rasperia Trading Limited and Raiffeisenbank, given its potential implications for finance and business in the industry.
