Russia’s Evraz says key shareholders Abramov, Frolov split stakes

MOSCOW, Dec 24 (PRIME) -- Crosland Global Limited, one of the main shareholders of mining giant Evraz, earlier controlled by Alexander Abramov and Alexander Frolov, has given a part of the stake in Evraz to Abiglaze Ltd., the company said in a statement on Monday.

As a result of the deal, Abiglaze, owned by Abramov, holds 298.626 million common shares of Evraz, or 20.69% of total voting shares. Crosland, owned by Frolov, holds 149.118 million shares, or 10.33%.

Evraz will reconsider its agreement with Crosland in January and will sign an agreement with Abiglaze in accordance with the rules of listing.

In September, Lanebrook Ltd sold the entire stake in the company, while Crosland Global Limited consolidated a 31.37% voting stake and Greenleas International Holdings Ltd. consolidated 30.52%.

Lanebrook Ltd. is owned by Roman Abramovich, Alexander Abramov and Alexander Frolov.

The change in Evraz’ shareholder structure did not lead to changes in the stakes of beneficiaries -- Abramov holds 20.92%, Frolov 10.45% and Yevgeny Shvidler 2.97%, while Abramovich’s stake in Evraz now amounts to 30.52%.

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