Completion of Mini-Mill Balakovo Sale (846951)

 
 PAO Severstal (SVST) 
Completion of Mini-Mill Balakovo Sale 
 
25-Jul-2019 / 14:01 MSK 
Dissemination of a Regulatory Announcement that contains inside information 
according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
                   Completion of Mini-Mill Balakovo Sale 
 
 July 25, 2019, Moscow - PAO Severstal, one of the world's leading steel and 
    steel-related mining companies, announces that it has completed the sale 
   transaction of Mini-Mill Balakovo to Abinsk Electric Steel Works LTD. The 
                           consideration of the transaction is $215 million. 
 
The sale of Mini-Mill Balakovo will enable Severstal to focus fully on steel 
     production at its main asset, the Cherepovets Steel Mill (CherMK). As a 
      result, the Company will streamline its internal processes in order to 
                      successfully execute its updated strategic priorities. 
 
 Following the sale of Mini-Mill Balakovo, Severstal will continue to supply 
                    long products via its long product facilities at CherMK. 
 
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 
 
                                    *** 
 
P?? Severstal is one of the world's leading vertically-integrated steel and 
steel related mining companies, with assets in Russia, Latvia and Poland. 
Severstal is listed on RTS and MICEX and the company's GDRs are traded on 
the LSE. Severstal reported revenue of $8,580 million and EBITDA of $3,142 
million in 2018. Severstal's crude steel production in 2018 reached 12.0 
million tonnes. www.severstal.com 
 
ISIN:          US8181503025 
Category Code: DIS 
TIDM:          SVST 
LEI Code:      213800OKDPTV6K4ONO53 
Sequence No.:  14668 
EQS News ID:   846951 
 
End of Announcement EQS News Service

(END) Dow Jones Newswires

July 25, 2019 07:01 ET (11:01 GMT)

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