Evraz Group buys 93.4% of the US company Claymont Steel

Evraz Group buys into Claymont Steel.
Evraz Group S.A.'s subsidiary Titan Acquisition Sub, Inc. has received an approval from the US steel producer Claymont Steel Holdings, Inc. shareholders to buy 16,415,722 shares, or 93.4 percent of the US company's share capital, the Russian steel and mining group stated in a press release. Evraz is now poised to proceed with a merger between Claymont Steel and Titan Acquisition Sub, using a simplified procedure, and complete the process in the next few days.