We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Evraz Plc | LSE:EVR | London | Ordinary Share | GB00B71N6K86 | ORD USD0.05 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 82.68 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number : 6367W Evraz Group S.A. 13 June 2008 Evraz Completes Acquisition of IPSCO Canada June 13, 2008 - Evraz Group S.A.(LSE: EVR) ("Evraz") today announced that it has completed its acquisition of IPSCO's Canadian plate and pipe business ("IPSCO Canada"). Evraz announced the acquisition of the IPSCO Tubulars business from SSAB in March 2008. After a back-to-back transaction with OAO TMK ("TMK") that consisted of an on-sale of the acquired IPSCO's US businesses to TMK for US$1.25 billion, the total cash consideration paid by Evraz for the assets amounted approximately to US$2.9 billion. The original amount was adjusted to include the acquisition of a cut-to length facility in Surrey, BC, as well as certain IPSCO Canada working capital adjustment. In addition, Evraz expects to sell the remaining acquired US businesses of IPSCO Tubulars to TMK for approximately US$0.5 billion in 2009. As a result of these transactions, the net cost of the acquisition for Evraz will make up US$2.4 billion. Former IPSCO's Canadian assets, including the Regina Steel mill as well as plate and pipe production capacities in Regina, Calgary and Red Deer, are now part of Evraz's North American operations. The transaction was financed in part out of the proceeds of the recent Eurobond issue. žžž For further information: Evraz Group Corporate Affairs and Investor Relations Alexey Ivanov Tel: +7 495 232 1370 IR@evraz.com Evraz Group S.A. is one of the largest vertically-integrated steel and mining businesses. In 2007, Evraz Group produced 16.4 million tonnes of crude steel. Evraz Group*s principal assets include three of the leading steel plants in Russia: Nizhny Tagil (NTMK) in the Urals region and West Siberian (Zapsib) and Novokuznetsk (NKMK) in Siberia, as well as Palini e Bertoli in Italy, Evraz Vitkovice Steel in the Czech Republic, Evraz Oregon Steel Mills and Claymont Steel in the USA. Its fast-growing mining businesses comprise Evrazruda, the Kachkanarsky (KGOK) and Vysokogorsky (VGOK) iron ore mining complexes, Yuzhkuzbassugol company and an equity interest in the Raspadskaya coal company. The mining assets enable Evraz Group to be a vertically-integrated steel producer. Evraz Group also owns and operates the Nakhodka commercial sea port, in the Far East of Russia. Evraz vanadium operations comprise Strategic Minerals Corporation, USA, and Highveld Steel and Vanadium Corporation, South Africa. For further information visit www.evraz.com This information is provided by RNS The company news service from the London Stock Exchange END ACQSFDSIDSASEDM
1 Year Evraz Chart |
1 Month Evraz Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions