12/12/2011 The London Stock Exchange welcomes Evraz plc to the Main Market
Today EVRAZ Holding opened the London Markets in a market open ceremony at the London Stock Exchange.
On 7 December EVRAZ became the only steel company to have been included in the FTSE100 Index. The inclusion in the index together with the admission to the Main Market of the London Stock Exchange are marks of recognition by the capital markets of the strength and diversity of its assets, the quality of our management and the prospects of the business.
EVRAZ is a vertically-integrated steel, mining and vanadium business with operations in the Russian Federation, Ukraine, the USA, Canada, the Czech Republic, Italy and South Africa. It has had over 6 years of successful public market trading, having listed its GDRs on the LSE’s International Order Book in June 2005. The Company has since delivered in terms of its corporate development, operational performance enhanced transparency and improved reporting standards and on the 7th November they took a Premium listing on the London Stock Exchange. This was a big step in the development of EVRAZ into a truly premium, global steel producer.
EVRAZ is the only Premium listed steel company, thereby providing the investors with an alternative to pure mining stocks. They are ranked the 15th largest steel producer in the world based on crude steel production of 16.3 million tonnes in 2010. EVRAZ's consolidated revenues for the year ended 31 December 2010 were US$13,394 million and consolidated adjusted EBITDA amounted to US$2,350 million. EVRAZ plc holds 99,7% of Evraz Group S.A.
Morgan Stanley & Co. International plc and Credit Suisse Securities (Europe) Limited acted as Joint Sponsors to the Company. Linklaters acted as a legal advisor to EVRAZ and Skadden as a legal advisor to the joint sponsors.