DLA Piper has advised EVRAZ on the auction sale of its wholly-owned Czech subsidiary EVRAZ Vitkovice Steel ('EVS') to a consortium of private investors.
EVRAZ is a vertically integrated steel, mining and vanadium business with operations in the Russian Federation, Ukraine, USA, Canada, Czech Republic, Italy, Kazakhstan and South Africa. EVRAZ is among the top 20 steel producers in the world. The company is listed on the London Stock Exchange and is a constituent of the FTSE 250. EVS, which has been a part of the Company since November 2005, is a manufacturer of steel hot rolled products located in Ostrava in the Czech Republic. In 2013, EVS produced 571 thousand tonnes of steel products. The plant employs just over 1,000 people. The total consideration of the sale is of USD 287 million.
The DLA Piper team was led by Moscow-based Partners Constantine Lusignan-Rizhinashvili and Julien Hansen, who were assisted by Associates Andrei Sheetkin and Adam Hartley. The team also included Prague-based Partner Pavel Marc and Associate Jakub Cisar, Brussels-based Senior Associate Pierre-Yves Genot, and Leeds-based Partner Paul Stone.