Evraz sells its controlling stake in plant in the RSA for $320 million
Edited by Rhod Mackenzie / 2013-03-29 04:50:29
The Russian steel producer Evraz has announced the sale of its 85% shareholding in its asset in the republic of South Africa for $320 million. The companies Evraz Highveld Steel and Vanadium Ltd. produce vanadium and steel. Reuter reported.
The African enterprise is the world’s largest vanadium supplier and it is on the second position in the RSA on a production of rolled steel. Last year an operation of Evraz Highveld was frozen for about a month because of a strike, the agency stated.
