Evraz prepares North American assets for IPO

The Mining and metallurgical company Evraz may announce IPO of its North American division Evraz North America in the coming days,Bloomberg reported, referred to sources familiar with the situation. Two more interlocutors of the Vedomosti - an employee of a bank, which works with Evraz, and a source, close to his counterpart - confirmed that the company intended to conduct a public offering of shares. One of them notes that the IPO is the highest priority option, but in this case it is necessary to take into account the risk that investors may not want to buy shares of the company because it has Russian beneficiaries.

A representative of Evraz declined to comment.