Evraz Group

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Evraz Groupis a UK-incorporated multinational steel manufacturing and mining company part-owned by Russian oligarchs.[1]It is a vertically integrated steel, mining and vanadium business with operations in the Russian Federation, the USA, Canada, the Czech Republic and Kazakhstan.[2]

History

The company was founded as a small metal-trading business in 1992.[3] On 2 June 2005 Evraz Group floated some 8.3 percent of its shares in the form of GDR in London.[4] The company was priced at $14.50 per GDR implying an equity value of $5.15 billion.[4] An additional 6% stake was placed in January 2006, resulting in a total free-float of 14.3%.[5]

The company acquired Claymont Steel from H.I.G. Capital in 2008 for USD 564.8 million.[6] The mill was closed in December 2013.[7]

Climate Commitments

"Our approach to climate change"

Subsidiaries

The following companies are fully or partially owned/operated under Evraz Group

References

  1. Pfeifer, Sylvia (2022-03-10). "Evraz shares suspended after Abramovich sanction news". Financial Times. Retrieved 2022-03-10.
  2. "Our approach to climate change",Evraz, Accessed in July 2022
  3. "History of the Evraz Group". steelonthenet.com. Retrieved 28 March 2015.
  4. 4.0 4.1 EVRAZ Raises $422M in soft London IPO Template:Webarchive St Petersburg Times, 3 June 2005
  5. "Russian and Kazakh firms set for relegation from FTSE 100". City AM. 29 May 2013. Archived from the original on 25 September 2018. Retrieved 28 March 2015.
  6. Sandle, Paul (2007-12-10). "Evraz Group agrees to buy Claymont Steel for about 564.8 mil usd cash". AFX News Limited. Thomson Financial News.[dead link]Template:Cbignore
  7. "Evraz Claymont Steel shutting down". Gannett. 14 October 2013.

External links


Wikipedia also has an article on Evraz Group ([[1]]). This article may use content from the Wikipedia article under the terms of the Creative Commons Attribution-ShareAlike 3.0 Unported License].