Evraz to sell North American branch to Atlas investment fund, parties plan to sign deal in H2

Evraz has obtained an OFSI license to sell its North American branch to the Atlas Holdings investment fund, with plans to sign the deal in the second half of 2025, the company said in a statement.

The terms of the sale include an advance payment of $50 million and a deferred payment of up to $450 million. The company said that the latter was "payable subject to the achievement of certain milestones by the North America business following the closing of the Sale".

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