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November 23, 2007 |
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EVRAZ GROUP: EC Extends Highveld Asset Sale Deadline to Jan. 20 Evraz Group S.A. disclosed that the Commission of the European Communities has extended until Jan. 20, 2008, the divestiture period during which Highveld Steel and Vanadium Corporation Limited, South Africa, is obliged to dispose of certain vanadium assets. Evraz owns 80.9% of the entire issued share capital of Highveld. About Evraz Headquartered in Luxembourg, Evraz Group S.A. (LSE:EVR) -- http://www.evraz.com/ -- manufactures and distributes steel and related products. In addition, the Company owns and operates certain mining assets. Its steel production and mining facilities are mainly located in the Russian Federation. It operates three steel mills in Russia, one mill in the Sverdlovsk region and two mills in the Kemerovo region. * * * As of Nov. 20, 2007, Evraz Group carries Ba3 Corporate Family and Probability-of-Default ratings and B2 Senior Unsecured Debt rating from Moody's Investor Service. Moody's said the Outlook is Positive. Evraz also carries BB- Local and Foreign Issuer Credit ratings from Standard & Poor's. S&P said the Outlook is Positive. The company carries BB Issuer Default and Senior Unsecured ratings and B Short-Term IDR. Fitch said the Outlook is Stable. |
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