Severstal - ao — M&A Activity 2014

May 14, 2014

National Storage Mechanism | Additional information

You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.

RNS Number : 1133H

OAO Severstal

14 May 2014

Severstal response to media speculation

Moscow, Russia, 14 May 2014 - Remaining fully committed to maximising value creation for its shareholders, OAO Severstal (LSE: SVST; MICEX-RTS: CHMF) announces that it is considering a range of strategic options in relation to Severstal North America. Severstal confirms that no decision has yet been taken as to which, if any, such option might be pursued.

Enquiries: 

Severstal Investor Relations

Vladimir Zaluzhsky

T: +7 495 926 7766

Severstal Public Relations

Elena Kovaleva

T: +7 (495) 926-77-66

ОАО Severstal is one of the world's leading vertically integrated steel and steel related mining companies, with assets in Russia, the USA, Ukraine, Latvia, Poland, Italy and Liberia. Severstal is listed on MICEX and the company's GDRs are traded on the LSE. Severstal reported revenue of $13,312 million and EBITDA of $2,063 million in 2013. Severstal's crude steel production in 2013 reached 15.7 million tonnes. www.severstal.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

FONQKQDBBBKDQPD