EVRAZ PLC enters into agreement to dispose of Joint Stock Company Evraz Nakhodka Trade Sea Port to Lanebrook Limited

EVRAZ plc announces today that it has signed an agreement to dispose of the entire issued share capital of its fully owned subsidiary Joint Stock Company EVRAZ Nakhodka Trade Sea Port to its majority shareholder Lanebrook Limited for consideration of US$354.4 million. As part of the transaction, the Company and Nakhodka Port have also entered into a transhipment agreement, pursuant to which EVRAZ has agreed to supply and Nakhodka Port has agreed to tranship cargoes of coal and metals in specified volumes and at specified tariffs for a period of five years.

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Current issue:
Eurasian Metals
2' 2023