Goldman Sachs and Deutsche Bank, two of the advisory banks working on shelved Russian miner Rusal's $9bn (€6.4bn) initial public offering, are set to work on the flotation of a second company part-owned by acquisitive billionaire Oleg Deripaska.

Goldman Sachs and Deutsche Bank are lead bookrunners alongside Raiffeissen Centro Bank on the flotation of Austrian developer Strabag, which is expected to fetch up to €1.5bn ($2.1bn). Austrian lender Erste Bank is lead manager for the share sale.