Completion of Redaelli Tecna sale

Completion of Redaelli Tecna sale

Further to the Company's announcement on 23 January 2017, Severstal, one of the world's leading vertically integrated steel and steel-related mining companies, announces that its subsidiary, JSC Severstal - Metiz, Severstal's international metalware manufacturer, has completed the sale of Redaelli Tecna S.p.A ("Redaelli Tecna", part of JSC Severstal - Metiz). The transaction amount is 50 mln Euro.

 

The sale reflects Severstal's commitment to maximize value creation for its shareholders and will allow Severstal-metiz to focus on its Russian assets and enhance its efficiency.

 

For further information please contact:

 

Investor Relations

Evgeny Belov

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

evgenii.belov@severstal.com

 

Public Relations

Anastasia Mishanina

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

anastasia.mishanina@severstal.com

 

 

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PАО Severstal is one of the world's leading vertically integrated steel and steel related mining companies, with assets in Russia, Ukraine, Latvia, Italy and Poland. Severstal is listed on RTS and MICEX and the company's GDRs are traded on the LSE. Severstal reported revenue of $5,916 million and EBITDA of $1,911 million in 2016. Severstal's crude steel production in 2016 reached 11.6 million tonnes www.severstal.com