16.3.2007
VÍTKOVICE STEEL,a.s. (enterprise of Evraz Group S.A.) Company prepares a merger between VÍTKOVICE STEEL, a.s. Company and its sole shareholder – ABA Assets s.r.o. Company.
By effecting the merger, the aforementioned companies shall cease to exist and a new succession company shall be created. The sole shareholder of the succession company shall be the existing shareholder of ABA Assets s.r.o. Company – EVRAZ GROUP S.A. Company. Succession company shall carry on the same business activity, which is currently carried out by VÍTKOVICE STEEL, a.s. Company and ABA Assets s.r.o. Company.
“We presume that the merger of the two companies shall be executed at the beginning of June this year. The realization of merger shall not have any impact on our existing business relations and it shall not be necessary to establish new agreements instead of the ones currently in force,” says CEO of VÍTKOVICE STEEL a.s. Company – Ing. Vladimír Bail, Ph.D.
For further information:
Evraz Group
Corporate Affairs and Investor Relations
Irina Kibina
Tel: +7 495 232 1370
IR@evraz.com
Crest Communications Prague
Lenka Mickova
Tel.: +420 222 927 111
lenka.mickova@crestcom.cz
Crest Communications Ostrava
Jaromir Krisica
Tel.: +420 596 620 435
krisica@crestcom.cz
EVRAZ VITKOVICE STEEL concentrates on the production of steel and steel products – heavy plates, heavy and medium sections, and flame-cut shapes from heavy plates. The company aims to continue increasing the sales of its products with high added value, such as deliveries of plates for pipelines. Thanks to the important support of the Evraz Group and its strong position on the Russian steel market the company has also successfully entered the Russian market of the pipeline industry. In the sphere of plates EVRAZ VITKOVICE STEEL is the main European manufacturer and the dominant manufacturer in the Czech Republic. The most important product of Heavy section rolling mill is sheet piles which represent a 65 % share of the mill’s production. The company is the sole manufacturer of this product on the domestic market and holds a 90% market share.
Evraz Group S.A. is one of the largest vertically-integrated steel and mining businesses. In 2006, Evraz Group produced 16.1 million tonnes of crude steel. Evraz Group’s principal assets include three of the leading steel plants in Russia: Nizhny Tagil (NTMK) in the Urals region and West Siberian (Zapsib) and Novokuznetsk (NKMK) in Siberia, as well as Palini e Bertoli in Italy, Vitkovice Steel in the Czech Republic, and Evraz Oregon Steel Mills headquartered in the USA. Its fast-growing mining businesses comprise Evrazruda, the Kachkanarsky (KGOK) and Vysokogorsky (VGOK) iron ore mining complexes and Neryungriugol coal company and equity interests in the Raspadskaya and Yuzhkuzbassugol coal companies. The mining assets enable Evraz Group to be a vertically-integrated steel producer. Evraz Group also owns and operates the Nakhodka commercial sea port, in the Far East of Russia, which facilitates its access to Asian export markets. Evraz vanadium operations comprise Strategic Minerals Corporation, USA, and a 24.9% equity interest in Highveld Steel and Vanadium Corporation, South Africa.
For further information visit www.evraz.com
