| EVR - Evraz |
 |
| Latest Prices |
| Name |
Price |
% |
| Evraz |
148.80p |
-2.30% |
| |
|
LONDON (SHARECAST) - The chairman of Russian steelmaker Evraz, Alexander Abramov, would support a merger with its Russian rival Severstal, according to the content of an interview published in today’s Financial Times.
A combination of both businesses, which would have a market capitalization of £12bn, was described by Mr. Abramov as, “a good idea,” while adding that such a ‘tie-up’ would have several advantages.
Mr. Abramov owns 24% of the business, while another 35% belongs to Roman Abramovich.
As of 9:55AM shares of Evraz are falling by 2.9% to the 345.25p mark.
AB
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