Strabag Founder Selling €132 Million Stake After 91% Rally
- Haselsteiner family sells 2m shares at 12.5% discount to close
- German stimulus plans, Ukraine peace prospects sparked rally
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Strabag SE’s founding Haselsteiner family is selling about 1.7% of the Austrian construction company following a 91% rally this year.
The billionaire family’s offering of 2 million shares priced at €66 apiece, a 12.5% discount to Tuesday’s close, according to terms of the deal seen by Bloomberg News. The transaction values the stake at about €132 million ($144 million).