BFM.RU reported that Evraz Group has got six months delay to August 14th 2009 in buying of 51 % of Chinese Delong Holdings for USD 1.5 billion

A year ago when Evraz concluded this contract, it was reported that Russian company can not guarantee the deal finishing in the term agreed due to the dependence of Chinese regulation authorities.

Six months option was related to the period form February 18th to August 18th 2008. However, in August 2008 the term was prolonged for more six months to February 2009.

Now it was moved by another half-year. In this period Evraz Group has to get the permission of different Chinese regulation authorities.

(Source: BFM.RU)