Evraz Considers Bids for Transportation Unit, Kommersant Says
London-listed steelmaker Evraz Plc (EVR) is considering bids for EvrazTrans, its transportation unit, which it wants to sell for more than $250 million, Kommersant reported, citing an unidentified market participant.
Billionaire Vladimir Lisin’s UCLH transportation holding and Globaltrans Investment Plc are among four bidders for the unit, the newspaper said, adding that Deutsche Bank and Renaissance Capital are advising on the sale.
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