The FINANCIAL — EVRAZ is a vertically-integrated steel, mining and vanadium business with operations in the Russian Federation, Ukraine, the USA, Canada, the Czech Republic, Italy and South Africa.
EVRAZ was ranked the 15th largest steel producer in the world based on crude steel production of 16.3 million tonnes in 2010. EVRAZ's consolidated revenues for the year ended 31 December 2010 were US$13,394 million and consolidated adjusted EBITDA amounted to US$2,350 million. EVRAZ plc holds 99,7% of Evraz Group S.A.
EVRAZ has had over 6 years of successful public market trading, having listed its GDRs on the LSE International Order Book in June 2005. The Company has since delivered in terms of its corporate development, operational performance, enhanced transparency and improved reporting standards and has matured enough to be listed on the highest possible LSE platform, which is the Premium segment. EVRAZ is the only Premium listed steel company, thereby providing the investors with an alternative to pure mining stocks.
On 7 November 2011, as a result of a successful exchange offer of the existing GDRs for shares of EVRAZ plc, the ordinary shares of EVRAZ plc were admitted to trading on the premium segment on the Official List of the UK Listing Authority and to trading on the London Stock Exchange plc’s main market for listed securities under the ticker “EVR”. This is a sensible step in developing EVRAZ into a truly premium, global steel producer.
On 7 December EVRAZ became the only steel company to have been included in the FTSE 100 Index. The inclusion in the index together with the admission to the Main Market of the London Stock Exchange are marks of recognition by the capital markets of the strength and diversity of our assets, the quality of our management and the prospects of the business.
Morgan Stanley & Co. International plc and Credit Suisse Securities Limited acted as Joint Sponsors to the Company. Linklaters acted as a legal advisor to EVRAZ and Skadden as a legal advisor to the joint sponsors.
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