DLA Piper has advised EVRAZ plc ('EVRAZ') on the auction sale of its wholly-owned Czech subsidiary EVRAZ Vitkovice Steel ('EVS') to a consortium of private investors for a total consideration of US $287 million.

The DLA Piper team was led by partners Constantine Lusignan-Rizhinashvili (Corporate, Moscow) and Julien Hansen (Corporate, Moscow), who were assisted by associates Andrei Sheetkin (Corporate, Moscow) and Adam Hartley (Corporate, Moscow).

In other jurisdictions, the DLA Piper team included partner Pavel Marc (Corporate, Prague) and associate Jakub Cisar (Corporate, Prague) in the Czech Republic, senior associate Pierre-Yves Genot (Finance & Projects, Brussels) in Belgium and partner Paul Stone (Litigation and Regulatory, Leeds) in the UK.

EVRAZ is a vertically integrated steel, mining and vanadium business with operations in the Russian Federation, Ukraine, USA, Canada, Czech Republic, Italy, Kazakhstan and South Africa. EVRAZ is among the top 20 steel producers in the world. The company is listed on the London Stock Exchange and is a constituent of the FTSE 250. EVS, which has been a part of the Company since November 2005, is a manufacturer of steel hot rolled products located in Ostrava in the Czech Republic. In 2013, EVS produced 571 thousand tonnes of steel products. The plant employs just over 1,000 people.