OREANDA-NEWS. On March 21, 2007 Evraz Group S.A. (LSE: EVR) announced that its wholly owned subsidiary Mastercroft Limited commences a cash tender offer to purchase approximately 5% of the Nizhny Tagil Iron and Steel Plant (NTMK) outstanding shares, reported the press-centre of  Evraz Group S.A.

At the moment Mastercroft Limited holds 94,997% of NTMK share capital, and is making an offer to NTMK’s minority shareholders to tender the remaining 5,003187% of NTMK’s outstanding common stock for a cash consideration of 63,72 roubles per share or an aggregate price of approximately 4,18 billion roubles.

The tender offer will be valid till May 29, 2007.