Support The Moscow Times!
Contribute today

Evraz Plans British Move

By The Moscow Times

Evraz Group, the Russian steelmaker registered in Luxembourg, plans to shift its base to London via a share swap with a new company and seek entry into Britain's benchmark FTSE-100 Index.

Evraz Plc, registered in Britain, has offered to acquire 100 percent of Evraz Group, it said Monday. The move to London would broaden the company's access to investors and increase the liquidity of its stock, it said.

Lanebrook, the Evraz shareholder part owned by Roman Abramovich and Evraz chairman Alexander Abramov, has agreed to swap its 72.3 percent stake as part of the offer, according to the statement. Morgan Stanley and Credit Suisse Group are managing the move.

(Bloomberg)

… we have a small favor to ask.

As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just 2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Continue

Read more

competing powers

Defense Official’s Bribery Arrest Signals Shoigu’s Waning Influence in the Kremlin

The high-profile arrest reflects the struggle for resources and influence within Russia's elite as Putin’s new term begins.
3 Min read
fresh supplies

U.S. President Signs Bill To Provide New Aid for Ukraine

The bill's passage comes after months of delay that saw Ukrainian forces run short of ammunition and suffer battlefield setbacks.
2 Min read
Feature

Russia's Epic Floods Expose Lack of Preparedness for Climate Crisis

Without the resources or political will to pursue a policy of climate adaptation, experts warn that this spring's disaster will become the new norm.
7 Min read
early step

Russia, Ukraine Hold First In-Person Talks to Return Displaced Children

Forty-eight children are set to be exchanged under the deal agreed in Qatar, Russian children's rights commissioner Maria Lvova-Belova said.
2 Min read