Evraz Group

Evraz Group

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Evraz Group

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Description:
Evraz Group () is one of the world's biggest vertically integrated steel production and mining businesses, with operations mainly in Russia. In 2008, Evraz Group produced 17.7 million tonnes of crude steel.

Overview

The company is a vertically integrated holding with high self-sufficiency in iron ore and excess coking coal production, which enables the company to be one of the largest participants on the domestic coking coal market through its affiliates. Evraz also controls some metal trading and logistic assets. Based on 1H 2006 results, the steel segment represents 97.4 percent of Group revenue. On June 2, 2005 Evraz Group floated some 8.3 percent of its shares in the form of GDR in London. The company was priced at $14.50 per GDR implying an equity value of $5.15 billion. An additional 6% stake was placed in January 2006, resulting in a total free-float of 14.3%.

Evraz' European offices are located in Luxembourg.

Shareholders structure

Mastercroft was a wholly owned subsidiary of the company as of 30 June 2006. The company's interests in the majority of its subsidiaries are held indirectly through its ownership of Mastercroft. In June 2006 Evraz Group announced a transaction that resulted in the transfer to Greenlease International Holding of a 50% interest in Lanebrook Ltd., an entity controlled by the principal shareholders of Evraz Group. As of September 2006 Lanebrook Ltd. held 82.43% of the Company's shares,...
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