Analyst Research

Report Title Price
Provider: Wright Reports
Provider: Thomson Reuters StreetEvents
Provider: Investcafe
Provider: Thomson Reuters StreetEvents

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

EVRAZ plc Announces Acquisition Of Indirect Controlling Interest In Raspadskaya OAO-DJ

Thursday, 4 Oct 2012 12:01am EDT 

DJ reported that EVRAZ plc (Evraz) has agreed to buy an indirect controlling interest in Raspadskaya OAO, a Russian producer of coking coal, and its subsidiaries. Evraz is to purchase a further 50% interest in Corber Enterprises Ltd. (Corber) from Adroliv Investments Ltd., which holds an 82% interest in Raspadskaya OAO. Evraz has an existing holding of 50% of Corber; following completion, will hold an indirect interest of 82% in Raspadskaya OAO's shares. As consideration, Evraz will issue 132.7 million new shares representing 9.9% of the existing issued share capital of Evraz, as well as 33.9 million new warrants to subscribe for 33.9 million new shares representing 2.53% of the existing issued share capital of Evraz. Evraz is to pay $1,949.80 cash for each of 103,600 ordinary Corber shares, payable in four equal installments in the first quarter of 2013, the second quarter of 2013, the third quarter of 2013 and the first quarter of 2014. Completion of the acquisition is expected to occur in the fourth quarter of 2012. Raspadskaya OAO's CEO Mr. Gennady Kozovoy will stay in this position until at least the end of 2013. 

Company Quote

0.01 +0.05%
19 Sep 2014