UPDATE: Evraz sells facility in Ukraine to group DCH for $106 mln - Metals & Mining - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

UPDATE: Evraz sells facility in Ukraine to group DCH for $106 mln

(Adds details in headline, lede, paragraphs 2Ц3)

MOSCOW, Mar 1 (PRIME) -- U.K.-based mining giant Evraz, which operates mainly in Russia, has signed a deal to sell a facility in Ukraine to group DCH for U.S. $106 million, the company said in a statement on Thursday.

The payments will be made in several tranches with the initial $25 million payment to be made five days after signing the sales agreement. The remaining amount will be disbursed no later than on December 15, 2018.

The funds from the deal will be allocated for general corporate purposes.

Evraz CEO Alexander Frolov said that the company planned to sell its facility in the city of Dnipro in Ukraine.

He said that Evraz earlier sold an ore asset Sukhaya Balka and a coke chemical plant Yuzhkoks.

Frolov said, УOur strategy says that we will continue to quit Ukrainian assets when there are good opportunities but I would not mention exact forecasts.Ф


01.03.2018 12:28
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