Russia's Evraz halts demerger of coal assets

Evraz

11/03/2022 12:54

March 11 (Reuters) - Russian steel giant Evraz  EVRE.L  said
on Friday it had suspended the demerger of its coal assets
indefinitely, as it awaits clarity from Britain on sanctions
against its top shareholder following Russia's invasion of
Ukraine.
    London-listed Evraz said it was also seeking clarification
from Russian authorities on shareholders' right to sell stock
received as part of the demerger process.

 (Reporting by Shanima A in Bengaluru;
Editing by Vinay Dwivedi)
 ((shanima.a@thomsonreuters.com; (Direct: +91 77 6034 7399 );))