Evraz is launching soliciting of proposals for its North American subsidiaries

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.

Source: Evraz, Photo: Fotolia