EVRAZ ANNOUNCES UNAUDITED INTERIM FINANCIAL RESULTS FOR H1 2014
EVRAZ plc today announces its unaudited interim results for the six months ended 30 June 2014.
EVRAZ sells 34% stake in EVRAZ Highveld Steel and Vanadium
EVRAZ plc (LSE: EVR) (“EVRAZ” or the “Company”) has signed an agreement to sell 34% of the issued share capital of EVRAZ Highveld Steel and Vanadium Ltd (“EHSV” or “Highveld”) held by EVRAZ to Macrovest 147 Proprietary Limited (“Macrovest”) for ZAR 289 million (equivalent of USD 27 million as of 12 August 2014). It has been agreed that Macrovest will also refinance 50% of the outstanding working capital facility provided by EVRAZ plc.
EVRAZ signs US$425 million syndicated pre-export credit facility
EVRAZ plc (LSE: EVR) (“EVRAZ”) announces the signing by EVRAZ Consolidated West Siberian Metallurgical Plant and EVRAZ Nizhny Tagil Metallurgical Plant (the “Borrowers”) of a US$425 million 5-year Pre-Export Credit Facility (“Facility”) with a syndicate of international banks.