Russian steelmaker Evraz falls on Raspadskaya deal
LONDON, Oct 4 (Reuters) - London-listed shares in Russia'sEvraz fell more than 4 percent in early trade onThursday after the steelmaker announced a plan to increase itsshare in coal miner Raspadskaya to an indirect 82percent holding.
Evraz said it would pay for the stake in cash and paper, andplanned to issue 132.7 million new shares, or 9.9 percent of itsexisting share capital.
Evraz shares were trading down 4 percent at 0740 GMT at237.2 pence, underperforming a 0.5 percent dip in the broader UKmining sector.
(Reporting by Clara Ferreira-Marques)
((clara.ferreira-marques@thomsonreuters.com; +44 207 542 3214;Reuters Messaging:clara.ferreira-marques.thomsonreuters.com@reuters.net))
Keywords: EVRAZ/SHARES
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