Press releases

Evraz switches to London to heighten investment profile - 18 October 2011

Evraz Group S.A., the Luxembourg-based parent company of Russian miner and steelmaker Evraz, has informed its shareholders that it plans to relocate its domicile to the UK, and list its shares on the London stock exchange under the name Evraz Plc.

The admission to trading is expected on or around 7 November, says the company in a statement sent to <b>Steel Business Briefing</b>.

Evraz says the move should raise the group's profile among the international investor community; it also has an eye on being included in the FTSE index of leading shares, it says, from December. Raising the corporate governance standards is also high on the list, it adds.

Evraz has steelmaking and mining assets in Russia, Europe, USA, South Africa and Ukraine. It is one of the lowest cost producers in the world, with an average EBITDA margin in the last six years of 25%.

 

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