EVRAZ Looking to Offload North American Properties
By Metal Center News Staff
on Aug 10, 2022
EVRAZ plc is soliciting proposals for all of its North American subsidiaries. The sale will allow the company to unlock the standalone value of the North America business, EVRAZ North America’s parent company said.
The solicitation process is currently being conducted under the Office of Financial Sanctions Implementation General License INT/2022/1710676 and EVRAZ is in contact with OFSI as part of this process. The possible transaction will be subject to regulatory and corporate approvals and applicable sanctions laws, and will require approval from relevant sanctions authorities, including OFSI.
EVRAZ operates two facilities in the United States, the steelmaking EVRAZ Rocky Mountain Steel in Pueblo, Colorado; and EVRAZ Portland rolling and spiral pipe mills in Portland, Ore. The company also has facilities in Calgary, Camrose, Edmonton, Red Deer and Regina in Canada.