Evraz Said to Announce North American Steel Unit IPO in Days
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Evraz Plc, Russia’s largest steelmaker by production, is preparing to announce a spinoff and initial public offering of its North American unit, according to people with knowledge of the matter.
The deal may start within days, said one of the people, who asked not to be identified before a public announcement. They didn’t say how much Evraz, part-owned by billionaire Roman Abramovich, was looking to raise.