– Russian metal producer Evraz stated on Wednesday it was launching a course of to solicit proposals for the acquisition of its North American subsidiaries.
The sale will assist unlock the worth of its North America enterprise, the corporate stated with out disclosing particulars on the sale course of.
Britain sanctioned Evraz in Could in response to Russia’s resolution to ship 1000's of its troops to Ukraine, however offered a licence permitting enterprise with Evraz’s North American subsidiaries.
“Latest geopolitical tensions have given rise to vital company governance and working challenges for Evraz,” Chief Govt Aleksey Ivanov stated earlier this month.
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