Evraz to consolidate Russian assets in new PJSC to be listed on MOEX in H1 2026

MOSCOW. July 29 (Interfax) - Evraz Group plans to consolidate its Russian assets in PJSC Evraz that will be registered in Nizhny Tagil.

The shares of the new PJSC are envisaged to be listed on the Moscow Exchange in the first half of 2026, the company said.

Two branches will become part of PJSC Evraz: the West Siberian Metallurgical Plant (which also includes Evrazruda) and the Nizhny Tagil Metallurgical Plant. In total, PJSC Evraz will unite around 60 legal entities, which will retain their names and continue operational activities as its subsidiaries.

"In the current economic situation in metallurgy, the consolidation of the West Siberian and Nizhny Tagil plants into a large industrial company will ensure production stability and the continuation of our investments in development," Vice President and Head of Evraz Group's Siberia division Pavel Sinyaev said.