Stmnt in respect of anti-monopoly investigation
May 24 2010 - 11:58AM
UK Regulatory
TIDMEVR
RNS Number : 4603M
Evraz Group S.A.
24 May 2010
Statement in respect of anti-monopoly investigation
24 May 2010 - The Russian Federal Antimonopoly Service (FAS) today announced it
had launched an investigation of Evraz Group (LSE: EVR) ("Evraz") in relation to
competition abuse in the rolled steel products market. Evraz has not been
provided with any details of the investigation as of the current time.
Evraz will cooperate fully with the investigation, and will make a further
announcement once official communications from FAS are delivered.
###
For further information
Media contact:
Alex Agoureev
VP, Public Relations
+7 985
122 4822
media@evraz.com
Investor contact:
Alexander Boreyko
Director, Investor Relations
+7
495 232 1370
ir@evraz.com
Evraz Group S.A. is a large vertically-integrated steel, mining and vanadium
business with operations in the Russian Federation, Ukraine, Europe, USA, Canada
and South Africa. The Company was ranked the 15th largest steel producer in the
world based on crude steel production of 17.7 million tonnes in 2008. In 2009,
Evraz produced 15.3 million tonnes of crude steel and sold 14.3 million tonnes
of steel products. Evraz's internal consumption of iron ore and coking coal is
fully covered by its mining operations. Evraz's consolidated revenues for the
year ended 31 December 2009 were US$9,772 million and consolidated adjusted
EBITDA amounted to US$1,237 million.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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