Announced
Financials
Tags
Acquisition
coal mining
Domestic
Spin Off
Public
Coal
Single Bidder
Demerger
Friendly
Russian Federation
Majority
Failed
Synopsis
Evraz Group, a multinational vertically integrated steel manufacturing and mining company, terminated the demerger of Raspadskaya, a Russia-based coal-mining company. "In light of the unprecedented sanctions against Russia and Russian special economic measures in response to sanctions, which were outside of control of the company, execution of the transaction became technically impossible and the decision has been taken not to proceed with the demerger," Evraz.
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