Russia's Evraz looking to sell North American units
Reuters
Published Aug 10, 2022 16:28
Updated Aug 10, 2022 17:27
(Reuters) - Russian steel producer Evraz said on Wednesday it was launching a process to solicit proposals for the acquisition of its North American subsidiaries.
The sale will help unlock the value of its North America business, the company said without disclosing details on the sale process.
Britain sanctioned Evraz in May in response to Russia's decision to send thousands of its troops to Ukraine, but provided a licence allowing business with Evraz's North American subsidiaries.
"Recent geopolitical tensions have given rise to significant corporate governance and operating challenges for Evraz," Chief Executive Aleksey Ivanov said earlier this month.
Get The App
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.