Completion of Disposal of Joint Stock Company EVRAZ Nakhodka Trade Sea Port
Further to the announcement on 23 May 2017 that the independent shareholders of the Company had approved the recommended disposal of the Joint Stock Company EVRAZ Nakhodha Trade Sea Port to Lanebrook Limited (the “Transaction”), EVRAZ plc (the “Company”) is pleased to announce that all conditions to the Transaction have been satisfied and that the Transaction has completed.
EVRAZ expands cooperation with one of the largest rebar manufacturers in Southeast Asia
EVRAZ ZSMK starts production of billets for Steel Asia, one of the largest rebar producers in Southeast Asia. The first lot will be 30 thousand tonnes.
EVRAZ PLC enters into agreement to dispose of EVRAZ Sukha Balka
26 May 2017 - EVRAZ plc (LSE: EVR) ("EVRAZ" or the "Company") announces today that its fully owned subsidiary Evraz Group S.A. signed an agreement to dispose of the entire issued share capital of Kadish Limited (a holding company of EVRAZ Sukha Balka (“ESB”)) to BERKLEMOND INVESTMENTS LTD (a company of the DCH Group) for US$110 million of gross consideration, adjustable for the actual level of ESB’s working capital and debt (“Transaction”). The Consideration will be payable in several instalments: an initial US$25 million payable within two business days after signing of sales and purchase agreement, with the rest to be paid by 31 December 2017.