Evraz speaks of growing interest of companies in M&A in U.S. but yet to see interesting propositions
MOSCOW. Feb 25 (Interfax) - Evraz has drawn attention to growing interest of companies in M&A deals in the United States but has yet to see any propositions that would interest it.
"We are now seeing, at least in the U.S., growing interest in M&A deals. We have yet to see this converted into something demanding consideration. It is rather a general backdrop suggesting that activity is returning here, but I do not see any specific cases," Evraz CEO and co-founder Alexander Frolov said on a conference call for reporters.
Asked about the presence of specific projects the company was discussing in the M&A sector, Frolov said such proposals were not being considered at present.
"As we said in 2019 at the Capital Markets Day, we try to be as open as possible in this regard," he said.
Evraz is a major vertically integrated steel and mining company and one of the largest producers of vanadium in the world. The company's largest shareholders are Roman Abramovich, Alexander Abramov, Alexander Frolov, Gennady Kozovoi, and Eugene Shvidler, who control 28.68%, 19.35%, 9.66%, 5.75%, and 2.8% of shares, respectively.