RE: Evraz NA18 Aug 2022 20:46
The NA side is being sold off to pay debt, this way the debt gets wiped off and Evraz don’t have to receive any money which is impossible anyway due to sanctions. It’s a clever business strategy in my opinion, Evraz also stated it hasn’t received a penny from NA assets this year, this means all profits are being put to one side to add to the sale of the NA assets and then we are debt free. All proceeds from Russian, Kazakhstan steel plus rasp profits will be shared out between share holders through dividends. All very exciting in my eyes, the money invested will be repaid in dividends over time and we will still own a share of Evraz forever