Evraz announced plans to sell the North American division
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“The sale of these assets will unlock the value of the North American division as an independent company,” the statement said.
The company noted that the collection of applications is carried out in accordance with the general license issued by the UK Financial Sanctions Enforcement Authority (OFSI), the company is in contact with OFSI on this issue.
Businessman Roman Abramovich is the largest but not controlling shareholder Evraz, he owns 28.64% of the shares. His partners in the holding are Alexander Abramov (19.32%), Alexander Frolov (9.65%) and others. Abramovich is in the top 20 richest Russians according to Forbes. According to the rating for 2022, his fortune is estimated at $6.9 billion.
On March 10, Abramovich was included in the UK sanctions list. At the same time, the country’s Financial Conduct Authority announced the suspension of the listing Evraz on the London Stock Exchange. After that, all non-executive directors, including Frolov and Abramov, left the company’s board of directors. Two months later, in May, the British government also included the mining and metallurgical holding in the sanctions list, explaining this by the fact that the company works in industries that are strategically important for Russia.
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