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UPDATE 1-Deripaska's firm says will keep Strabag stake-CEO

05-Oct-2008
Story Timeline:  49 days

By Robin Paxton MOSCOW, Oct 5 (Reuters) - Russian billionaire Oleg Deripaska plans to retain his one-quarter stake in Austrian construction firm Strabag (STRV.VI: ) despite the financial crisis that forced the sale of a stake in Canadian auto parts maker Magna (MGa.TO: Gulzhan Moldazhanova, chief executive of Deripaska's investment firm Basic Element, on Sunday sought to assuage concerns surrounding the empire of Russia's richest man by saying the company had enough liquidity to survive the crisis. "On the whole, we don't see any problems regarding liquidity within the group," Moldazhanova told reporters at a briefing. Deripaska... [read full story]                    

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Latest article on this story:

Deripaska Gives Up Magna Stake

themoscowtimes.com 05-Oct-2008
First article on this story:

Deripaska Bows Out Of Canadian Firm

forbes.com 03-Oct-2008
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