Russian steelmaker Evraz looks to sell Canadian, U.S. assets amid sanctions

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Russian steelmaker Evraz looks to sell Canadian, U.S. assets amid sanctions
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Sanctioned Russian billionaire Roman Abramovich owns a 28.6% stake in Evraz and is its largest shareholder. Read more.

The company, whose largest shareholder is sanctioned Russian billionaire Roman Abramovich, said Wednesday that it has launched a process to solicit proposals for the acquisition of its North American subsidiaries.

Evraz North America, which operates as a wholly owned subsidiary, has operations in Regina, Sask. and Calgary, Camrose and Red Deer, Alta., as well as in Oregon and Colorado. The company employs about 1,800 people in Canada.Article content

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