Industry SteelMining | Traded as LSE: EVR | |
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Products SteelSteel productsVanadium SlagIron oreCoal Stock price EVR (LON) 214.30 GBX +5.60 (+2.68%)10 Mar, 12:46 PM GMT - Disclaimer CEO Alexander Vladimirovich Frolov (18 Jan 2007–) Profiles | ||
Evraz highveld steel in emalahleni has closed shop
EVRAZ plc (Russian: ЕВРАЗ) is a multinational vertically integrated steel making and mining company headquartered in London, United Kingdom. It has operations mainly in Russia, but also in Ukraine, Kazakhstan, Italy, Czech Republic, the United States, Canada and South Africa. The company employs about 100,000 people. Evraz is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
Contents
- Evraz highveld steel in emalahleni has closed shop
- Evraz hot or not
- History
- Operations
- Steel
- Ore
- Coal
- Vanadium
- Sales and logistics
- Shareholder profile
- References
Evraz hot or not
History
The company was founded as a small metal trading business in 1992. On June 2, 2005 Evraz Group floated some 8.3 percent of its shares in the form of GDR in London. The company was priced at $14.50 per GDR implying an equity value of $5.15 billion. An additional 6% stake was placed in January 2006, resulting in a total free-float of 14.3%.
Operations
Evraz is a vertically integrated holding with high self-sufficiency in iron ore and excess coking coal production, which enables the company to be one of the largest participants on the domestic coking coal market through its affiliates. EVRAZ also controls some metal trading and logistic assets. The business structure is as follows:
Steel
Ore
Coal
Vanadium
Sales and logistics
Shareholder profile
Mastercroft was a wholly owned subsidiary of the company as of 30 June 2006. The company's interests in the majority of its subsidiaries are held indirectly through its ownership of Mastercroft. In June 2006 Evraz Group announced a transaction that resulted in the transfer to Greenlease International Holding of a 50% interest in Lanebrook Ltd., an entity controlled by the principal shareholders of Evraz Group. As of April 2015 Lanebrook Ltd. held 63.70% of the company's shares, with the ultimate beneficial owners being Roman Abramovich (31.03%), chairman Alexander Abramov (21.59%) and CEO Alexander Frolov (10.78%).