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EVRAZ plc (EVR.L)

LSE - LSE Delayed Price. Currency in GBp
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81.00+0.11 (+0.14%)
At close: 11:05AM BST
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    UK-listed Evraz abandons coal assets demerger after Russia sanctions

    Russian steelmaker Evraz, whose biggest shareholder is sanctioned billionaire Roman Abramovich, on Friday scrapped plans to separate its coal assets, citing sanctions on Moscow following its invasion of Ukraine. The London-listed company said the sanctions made it "technically impossible" to execute the demerger it proposed early last year to concentrate on its core steel business. The move comes after Evraz indefinitely suspended the demerger of the Russia-based assets, consolidated under Raspadskaya (RASP), last month as it sought more clarity on sanctions against Abramovich.

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