News: Deals: Reports

IPSCO Inc-North American Tubular Operations & Evraz Group SA	Update Date: 04/07/08
Date Announced: 03/14/08
Value (million $USD): 4.03 billion U.S. Dollar

Status: Pending

TRANSACTION DETAILS
Date Announced	03/14/08
Date Originally Announced	03/14/08
Format	Acq. of Assets	Acquisition techniques	Divestiture
Attitude	Friendly	Agency	Unspecified Regulatory Auth.
Value	4.03 billion U.S. Dollar	Advisor Fees	n/a

SYNOPSIS

US - Evraz Group SA agreed to acquire the North American tubular operations of IPSCO Inc (II), a manufacturer of and wholesaler of primary and secondary steel products, from Svenskt Stal AB {SSAB}, for $4.025 bil in cash. The transaction was subject to regulator approvals and customary closing conditions. Concurrently, OAO Trubnaya Metalurgicheskaya Kompanya definitively agreed to acquire IPSCO Tubulars Inc and a 51% NS Group Inc (NS), and was also granted an option to acquire the remaining 49% stake in NS.

TARGET
Name	IPSCO Inc-North American Tubular Operations
Industries	Fabricated structural metal
City	n/a
State	DE
Nation	United States
Incorporated in	n/a
Public Status	Subsidiary
Business Description	The North American tubular operations of IPSCO Inc, manufactures steel plate and pipes for the oil and gas industry.
Advisors	Deutsche Bank AG
Target Sales	n/a

ACQUIROR
Name	Evraz Group SA (London : EVR)
Industries	Steel wiredrawing and steel nails and spikes; Cold-rolled steel sheet, strip and bars; Steel pipe and tubes; Gray and ductile iron foundries; Steel investment foundries; Steel foundries, nec; Metals service centers and offices; Bituminous coal and lignite surface mining; Bituminous coal underground mining; Coal mining services
City	Moscow
State	n/a
Nation	Russian Fed
Incorporated in	n/a
Public Status	Public
Business Description	Evraz Group SA, located in Moscow, Russia, manufactures and wholesales steel. Its coal and ore mining operations are mainly carried out in Russia. The Group's principal activities are production, enrichment and distribution of semi-finished and finished steel products; vanadium slag; coke and coking products; refractory products and iron ore. The company was founded in 1992.
Advisors	Credit Suisse Group; Goldman Sachs & Co
Acquiror Sales	8.92 billion U.S. Dollar 234.83 billion Russian Rouble

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