Consolidation of coal businesses under Raspadskaya
Source: RNS
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30.12.2020
EVRAZ plc ("EVRAZ" or the "Company") - Completion of consolidation of coal businesses under PJSC Raspadskaya ("Raspadskaya") (the "Transaction")
Further to EVRAZ's announcement on 13 November 2020 and Raspadskaya's EGM held on 18 December 2020, the Company is pleased to announce that the transfer of all shares in AO UCC Yuzhkuzbassugol to Raspadskaya was completed on 30 December 2020.
About the Company
EVRAZ is a vertically integrated steel, mining and vanadium business with operations in the Russian Federation, the USA, Canada, the Czech Republic and Kazakhstan. EVRAZ is among the top steel producers in the world. A significant portion of the Сompany's internal consumption of iron ore and coking coal is covered by its mining operations. EVRAZ is listed on the London Stock Exchange and is a constituent of the FTSE 100 index.
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