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BRIEF-Russia's Evraz says to sell Nakhodka port for $354.4 mln
May 3, 2017 / 6:17 AM / 7 months ago

BRIEF-Russia's Evraz says to sell Nakhodka port for $354.4 mln

May 3 (Reuters) - Evraz Plc says:

* Evraz has entered into agreement to dispose of joint stock company Evraz Nakhodka Trade Sea Port;

* To sell Evraz Nakhodka Trade Sea Port to its majority shareholder, Lanebrook Limited, for a total consideration of $354.4 million;

* The deal will generate $295 million of net proceeds for Evraz and the transaction proceeds will principally be applied to reduce the outstanding indebtedness of the company.

* The Transhipment Agreement secures the continuity of transhipment services provided by the Nakhodka Port to Evraz for the next five years. Source text for Eikon: Further company coverage: (Reporting By Moscow Newsroom)

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