Approval of Raspadskaya acquistion by Russian FAS

RNS Number : 3503U

Evraz Plc

27 December 2012

 



Russian Federal Antimonopoly Service approval of the acquisition of Raspadskaya

27 December 2012- Further to its announcement on 4 October 2012, EVRAZ plc (LSE: EVR) announces that it has received pre-transfer merger clearance from the Russian Federal Antimonopoly Service ('FAS') in connection with the acquisition of an indirect controlling interest in OJSC Raspadskaya and its subsidiaries.

Completion of the acquisition is expected to occur in Q1 2013.

For further information:

Media Relations:
Oleg Kuzmin
VP, Corporate Communications
London: [phone]          Moscow: [phone]
[e-mail]

Investor Relations:
London: [phone]          Moscow: [phone]

[e-mail]

EVRAZ is a vertically integrated steel, mining and vanadium business with operations in the Russian Federation, Ukraine, USA, Canada, Czech Republic, Italy and South Africa. EVRAZ is among the top 20 steel producers in the world based on crude steel production of 16.8 million tonnes in 2011. In 2011 EVRAZ sold 15.5 million tonnes of steel products. A significant portion of the company's internal consumption of iron ore and coking coal is covered by its mining operations. The company's consolidated revenues for the year ended 31 December 2011 were US$16,400 million and consolidated EBITDA amounted to US$2,898 million. The H1 2012 consolidated revenue was US$7,619 million and the H1 2012 EBITDA was US$1,175 million.

 

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