Evraz will sell Stratcor
14 August 2019, 09:22
Evraz, a large metallurgical and mining company, will sell a vanadium mining company. In the near future, Stratcor will become the property of a third party. Officially, the transaction will take place in September this year, but the value of the company is not called. Evraz has owned more than 70% of Stratcor for more than a decade. Initially, the purchase of a controlling stake cost the corporation $ 100 million. At the moment, management notes that the branch does not bring significant benefits, so the financial position of the concern will not be affected by the sale.
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