OREANDA-NEWS. October 20, 2010. The call option expires for a 25 % stake in Central and Eastern Europe's construction market leader STRABAG SE held by Rasperia Trading Ltd., a company of the Russian leading diversified industrial group Basic Element. As a result of ongoing negotiations between the STRABAG SE core shareholders Haselsteiner Group, Raiffeisen/UNIQA Group - both of them issued the call option - and Rasperia Trading Ltd., the option has been extended until 5 November 2010. This additional time technically enables the parties to finalise the drafting and subsequently sign the necessary legal documents for the transaction.

Neither the affected company STRABAG, nor the core shareholders will comment on the ongoing negotiations before all documents signed and formal legal procedures completed. STRABAG will release a statement immediately after being notified of the final decisions made by the core shareholders of the company. The press release is expected to be followed by a media and investors conference call.

STRABAG SE is one of Europe's leading construction groups. With some 75,500 employees, STRABAG generated a construction output volume of € 13.0 billion in the 2009 financial year. As a result, STRABAG is listed in the Fortune Global 500 list as one the largest companies worldwide. From its core markets of Austria and Germany, STRABAG is present via its numerous subsidiaries in all countries of Eastern and South-East Europe, in selected markets in Western Europe and on the Arabian Peninsula. STRABAG's activities span the entire construction industry (Building Construction and Civil Engineering, Transportation Infrastructures, Special Ground Engineering and Tunnelling) and cover the entire value-added chain in the field of construction.