14th Apr 2015 07:14
LONDON (Alliance News) - Steelmaking and mining company Evraz PLC on Tuesday said its Evraz Highveld Steel and Vanadium subsidiary has filed for voluntary business rescue procedures.
The decision means Evraz's USD27 million deal to sell its remaining 34% stake in the South Africa-based business to Macrovest 147 Pty Ltd, announced in August last year, will not be completed at present.
Evraz shares were down 0.7% to 201.8 pence in early trade.
By Sam Unsted; [email protected]; @SamUAtAlliance
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