The company announced an agreement to buy extra 50 per cent in Corber Enterprises Limited (owning 82 per cent in Raspadskaya stock) from Adroliv Investments Limited.
Currently, Evraz owns 50 per cent in Corber, thus it will own 82 per cent in Raspadskaya indirectly.
The acquisition is to be paid for by newly issued shares, warrants, and cash.