Evraz said mulling sale of NA operations

Jul 07, 2014 | 05:44 PM | Michael Cowden

Tags  Evraz, Evraz North America, Cowen & Co., Anthony B. Rizzuto Jr., mergers, acquisitions, Severstal, Severstal North America consolidation

CHICAGO — Evraz Group SA may be putting its North American business on the block in a bid to strengthen its balance sheet, according to one analyst.

"Russian steelmaker Evraz is reportedly considering selling its North American division to reduce its net debt position," Anthony B. Rizzuto Jr., an analyst for New York-based Cowen & Co., said in a July 7 report.....

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