Wednesday, June 21, 2006

Rumour of Evraz, Corus merger denied

MOSCOW -(Dow Jones)- Russian coal and steel producer Evraz Group SA isn’t in talks to merge with U.K.-based Corus Group and has no plans to do so, an Evraz manager said Tuesday.

Andrei Teterkin, head of strategy at Evraz, told a conference: “We are not in any talks about any sort of potential joining of businesses.”

“The management of Evraz isn’t considering any sort of merger with Corus,” Teterkin said.

A new one on me!

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