The Russian steelmaker Evraz Group (Evraz) has announced the completion of the second stage of the acquisition of several steel, iron ore and coke producing assets in Ukraine, including the Sukhaya Balka iron ore mining and processing complex, DMZP, and three coking plants - i.e. Bagleykoks, Dneprkoks, and Dneprodzerzhinsk Coke Chemical Plant.
During the second stage of the acquisition process, Evraz issued 4,195,150 of its shares in favor of Lanebrook Limited in exchange for a 48.6 percent stake in Palmrose Limited, the owner of the Ukrainian assets in question. As a result, Evraz owns 100 percent of Palmrose Limited.