Insurers & Industry
Uniqa Group sells €205M Strabag stake in accelerated deal
Schönherr and Clifford Chance advised the Uniqa Group on the €205 million sale of a Strabag stake.
Vienna-based law firm Schönherr advised UNIQA Österreich Versicherungen AG as the selling shareholder in the offering and sale of 2,364,440 no-par-value bearer shares in construction group Strabag SE, according to a statement.
The Transaction
The shares offered represented approximately 2% of Strabag's share capital. The deal generated gross proceeds of around €205 million. As early as May 2025, Schönherr had assisted Uniqa in selling roughly 1.8 million Strabag shares through an accelerated bookbuilding (ABB) process.
The shares were placed with institutional investors via an ABB at a price of €86.70 each, the statement added. The transaction closed on April 17, 2026. J.P. Morgan SE, Raiffeisen Bank International AG, and UniCredit Bank GmbH acted as joint global coordinators and bookrunners for the deal.
The Advisors
"We are pleased to have advised UNIQA on this latest successful placement of Strabag shares," said Christoph Moser, a partner and co-head of Schönherr's capital markets practice. "The strong demand from qualified institutional investors across multiple countries demonstrates the market's confidence in Strabag's position as one of Europe's leading construction technology companies."
- The Schönherr team was led by Christoph Moser and counsel Angelika Fischer, with support from attorney Daniel Gritsch and Laura Knoblechner.
- Clifford Chance served as US legal advisor, with George Hacket, Andrei Manea, and Maks Mencin taking the lead.
