Evraz will spend 160 million dollars
for the repayment of actions NTMK of 5 %
Evraz the small gift minoritarijam Nizhnetagilsky metkombinata (NTMK) has decided to give. The holding gathers on to spend 160 million dollars for the repayment hardly more than 5 % of actions of the enterprise that approximately on 14 % above market price. Papers NTMK, “ sleeping “ before some days, to yesterday middle have grown in RTS more than on 8 %.
“ the Daughter “ Evraz - Mastercroft Limi ted (94,997 % NTMK own) - yesterday has exposed minoritarijam Nizhnetagilsky metkombinata the offer on the voluntary repayment 65,541ìëí ordinary actions (hardly more than 5 %) enterprise actions. The offer operates till May, 29th 2007ãîäà. TSe on the repayment it is established at a rate of 63,72 rbl. (2,45 dollars) for each paper. Thus, as have informed daily in Evraz, for consolidation of a missing package it is planned to spend nearby 4,18 mlrd rbl. (more than 160,4 million dollars) . It is necessary to notice that the repayment price almost on 14 % has exceeded exchange quotations NTMK as of March, 20th. Such award as has explained daily a source close to Evraz, will allow to accelerate the repayment of actions.
investors have estimated generosity Evraz: after the announcement of the beginning of the repayment of paper NTMK have risen in price for RTS with 2,11 to 2,28 dollars for a piece. As Evgenie Rjabkov from IK " considers; Antanta the Capital “ in spite of the fact that yesterday the price of actions has grown on 8 %, any more it is not necessary to expect serious fluctuations of their exchange cost, after all the market has almost won back offered Evraz the award.
thus as the expert believes, Evraz hardly will overpay for a package, after all actions NTMK are underestimated. “ the enterprise makes high-quality hire and rails the requirement in which is high enough, and the prices for this production constantly grow “ - he notices. According to Andrey Litvina from MDM - Bank, the award offer to market price of papers - normal world practice on which equals Evraz.
Mastercroft Limited could begin the repayment of actions NTMK, despite fears that the offer can be temporarily suspended. As it was informed earlier, the Federal Agency of the financial markets (FSFR) has directed on March, 15th Mastercroft Limited the instruction about elimination of infringements in the documents submitted to department for reception of the permission to the transaction. In service noticed that on it can leave about one and a half months.
however as have informed yesterday daily in a press - service FSFR, the explanations received from the company concerning the instruction it has appeared enough, that “ contradictions have been resolved as fast as possible “. In department also have noticed that more no claims to Evraz are available.
besides actions NTMK Evraz recently has started also the repayment of papers of other “ daughters “: About 5,6 % of actions of Nahodkinsky sea trading port and hardly more than 5 % of actions Vysokogorsky GOKa. According to Andrey Litvina, the company can spend for acquisition of these packages in total 11 million dollars of All, as he said, on the repayment of minority shares in the basic actives, such as NTMK, Western - Siberian metkombinat and the Kachkanarsky GOK, Evraz can spend to 232 million dollars