REG-EVRAZ plc EVRAZ is launching soliciting of proposals for its North American subsidiaries acquisition

EvrazAnnouncement

10/08/2022 16:15

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   EVRAZ plc (EVR)
   EVRAZ is launching soliciting of proposals for its North American
   subsidiaries acquisition

   10-Aug-2022 / 18:00 MSK
   Dissemination of a Regulatory Announcement that contains inside
   information in accordance with the Market Abuse Regulation (MAR),
   transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   EVRAZ  is  launching  soliciting  of  proposals  for  its  North  American
   subsidiaries acquisition

    

   10 August 2022 - EVRAZ plc announces  that it is launching the process  of
   soliciting  proposals   for  the   acquisition  of   its  North   American
   subsidiaries (EVRAZ North America, “ENA” or the “Company”). The sale  will
   allow to unlock the stand-alone value of the North America business.

   The solicitation process is currently being conducted under the Office  of
   Financial Sanctions Implementation (OFSI) General License INT/2022/1710676
   and we are  in contact with  OFSI as  part of this  process. The  possible
   transaction will  be subject  to regulatory  and corporate  approvals  and
   applicable  sanctions  laws,  and  will  require  approval  from  relevant
   sanctions authorities, including OFSI.

   EVRAZ does  not  intend to  provide  any additional  information  on  this
   process unless or until the process is finalised.

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   EVRAZ  North   America   (“ENA”   or  the   “Company”)   is   a   leading,
   vertically-integrated producer of engineered steel products for the  North
   American rail,  energy,  industrial  and  construction  markets.  ENA  has
   steelmaking capacity of  2.3 million  tons and  finished steel  (including
   tubular products) capacity of 3.5  million tons, and operates 2  EAF-based
   steel facilities,  4 rolling  mills  and 8  tubular  mills, and  17  scrap
   recycling facilities.  ENA  is  constructing  a state  of  the  art,  320’
   greenfield rail facility  which will replace  existing rail mill;  project
   expected to be completed  by 2023. Having  strong financial results  (2021
   sales of  $2.4 billion  and  Adjusted EBITDA  of  $320 million),  ENA  can
   provide stable income and cash flow to its new investor.

   In 2022, EVRAZ plc did not receive and does not plan to receive any income
   from the activities of ENA.

                                        

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   For further information:

      

   Investor Relations:

   +7 495 232 1370

    1 ir@evraz.com

    

    

   Media Relations:

   +7 495 937 6871

    2 media@evraz.com

    

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   ISIN:           GB00B71N6K86
   Category Code:  MSCH
   TIDM:           EVR
   LEI Code:       5493005B7DAN39RXLK23
   OAM Categories: 3.1. Additional regulated information required to be
                   disclosed under the laws of a Member State
   Sequence No.:   180575
   EQS News ID:    1417881


    
   End of Announcement EQS News Service

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    3 fncls.ssp?fn=show_t_gif&application_id=1417881&application_name=news&site_id=reuters8

References

   Visible links
   1. mailto:ir@evraz.com
   2. mailto:media@evraz.com


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