Lapse of Put/Call Options Re: Offer for Delong
August 18 2009 - 1:11PM
UK Regulatory
TIDMEVR
RNS Number : 6576X
Evraz Group S.A.
18 August 2009
for immediate release
Lapse of Put and Call Options in Respect of Evraz's Offer for Delong
August 18, 2009 - Evraz Group S.A. (LSE: EVR) ("Evraz"), in connection with a
share purchase agreement to acquire up to 51% of Delong Holdings Limited (the
"Agreement") entered on February 18, 2008, today announces that as the
Anti-Trust Approval of People's Republic of China, the transaction has been
subject to, has not been obtained and therefore the necessary condition of the
Agreement has not been satisfied, the Call Option and the Put Option under the
Agreement have lapsed and cease to have any further effect.
Evraz remains interested in developing its business in China and continues to
consider various business opportunities.
For further information:
Evraz Group
Investor Relations Director
Alexander Boreyko
Tel: +7 495 232 1370
IR@evraz.com
Evraz Group S.A. is a large vertically-integrated steel, mining and vanadium
business with operations in the Russian Federation, Ukraine, Europe, USA, Canada
and South Africa. Evraz produced 17.7 million tonnes of crude steel in 2008,
ranking it the 15th largest steel producer in the world by volume. Its mining
operations fully cover its current internal consumption of iron ore and coking
coal. Evraz's total audited consolidated revenues for the year ended 31 December
2008 were US$20,380 million and consolidated adjusted EBITDA was US$6,323
million.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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