Russian steelmaker Evraz falls on Raspadskaya deal
LONDON, Oct 4 (Reuters) - London-listed shares in Russia's Evraz fell more than 4 percent in early trade on Thursday after the steelmaker announced a plan to increase its share in coal miner Raspadskaya to an indirect 82 percent holding.
Evraz said it would pay for the stake in cash and paper, and planned to issue 132.7 million new shares, or 9.9 percent of its existing share capital.
Evraz shares were trading down 4 percent at 0740 GMT at 237.2 pence, underperforming a 0.5 percent dip in the broader UK mining sector.
(Reporting by Clara Ferreira-Marques)
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