Evraz, associated with Abramovich, decided to sell the assets of the North American division

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British-registered steel and mining company Evraz, in which businessman Roman Abramovich owns almost 29%, has decided to sell the assets of its North American Division (EVRAZ North America, ENA). Information about this press service of the enterprise published on your site.

According to Evraz, the sale will allow “disclosure of the value of the North American Division as an independent company.” Applications have started to be received for the purchase, which will be carried out under a license issued by the UK Financial Sanctions Executive Authority (OFSI).

ENA manufactures steel products for the rail, energy, industrial and construction markets in North America. The enterprise produces 2.3 million tons of steel per year.

The previous day, Bloomberg WroteAbramovich cannot sell his property in England due to the sanctions. The businessman, among other things, cannot get rid of his 28.64% stake in the mining and metallurgical company Evraz. The price of the company’s shares on the London Stock Exchange fell 87% after Abramovich was included in the sanctions list.

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