the Company Evraz Group S.A. Plc closed the transaction on sale of the Czech plant Vitkovice Steel, buyers Martinley Holdings Ltd, Nabara Holdings Ltd, Vitect Srvices Ltd, Hayston Investments Ltd and Davnaly Investments Ltd acted.
" will direct the means obtained from sale of Evraz Group S.A. by Vitkovice Steel (EVS), Evraz Group S.A..
the Enterprise for production the metal rolling, located in Ostrava, Czech Republic, belonged to Evraz Group S.A. since November, 2005. In 2013 of Evraz Group S.A. Vitkovice Steel made 571 thousand tons of steel production.
According to the financial report of EVS prepared according to IFRS, in 2013 of EVS received revenue of $442 million. For December 31, 2013 the total cost of assets of EVS made $278 million. For 2013. the enterprise got gross profit of $31 million, a loss on EBITDA of $2 million, and also $32 million a loss to a deduction of taxes which includes, in addition, $8,5 million losses from an exchange difference, expenses on payment percent of $6,6 million and other expenses connected with stops of production, of $9,7 million. About 1 thousand people work at the enterprise. It is supposed that the transaction will not affect production plans of EVS and will not be reflected in his employees", - notes Evraz Group S.A..
"We continue optimization businesses, concentrating efforts of management on key assets, and also on reduction of debt loading. Sale of Evraz Group S.A. Vitkovice Steel is part of this strategy", - the president declared Evraz Group S.A. Alexander Frolov.