Statement re Equity Stake in Raspadskaya (8261C)
March 11 2011 - 10:51AM
UK Regulatory
TIDMEVR
RNS Number : 8261C
Evraz Group S.A.
11 March 2011
Statement Regarding Equity Stake in Raspadskaya
11 March 2011 - Evraz Group S.A. (LSE: EVR) ("Evraz") notes
media speculation regarding the potential disposal of Evraz's 40%
indirect equity stake in the Russian coking coal producer OAO
Raspadskaya (RTS, MICEX: RASP).
Evraz confirms that it is considering options with respect to
this stake, and will refrain from further comments unless a binding
course of action is defined.
###
For further information:
Media contact: +7 495 937 6871 media@evraz.com
Investor contact: Alexander Boreyko Director, Investor Relations
+7 495 232 1370
ir@evraz.com
Evraz Group S.A. is a vertically-integrated steel, mining and
vanadium business with operations in the Russian Federation,
Ukraine, Europe, USA, Canada and South Africa. The Company was
ranked the 14(th) largest steel producer in the world based on
crude steel production of 15.3 million tonnes in 2009. Evraz's
internal consumption of iron ore and coking coal is covered by its
mining operations. Evraz's consolidated revenues for the nine
months ended 30 September 2010 were US$9,729 million and
consolidated adjusted EBITDA amounted to US$1,766 million.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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