Evraz commences a tender offer to buy out NTMK minority stake
March 21, 2007 — Evraz Group S.A. (LSE: EVR) announces that its wholly owned subsidiary Mastercroft Limited commences a cash tender offer to purchase approximately 5% of the Nizhny Tagil Iron and Steel Plant (NTMK) outstanding shares.
At the moment Mastercroft Limited holds 94.997% of NTMK share capital, and is making an offer to NTMK’s minority shareholders to tender the remaining 5.003187% of NTMK’s outstanding common stock for a cash consideration of 63.72 roubles per share or an aggregate price of approximately 4.18 billion roubles.
The tender offer will be valid till May 29, 2007.
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