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BUZZ-Evraz: tops FTSE 250 on buyback despite $1.3 bln loss

Reuters - UK Focus

** Russia's Evraz (LSE: EVR.L - news) hit by net loss of $1.3 bln last yr, impacted by FX loss of $1 bln & $540-mln assets impairment

** Co's bottom line suffered due to rouble decline

** But co to return up to $375 mln to shareholders as part of tender offer (subject to shareholder approval), which represents max 8 pct of issued share capital & 10 pct premium to Tuesday's closing price

** Free float is already small at 21.5 pct, according to Thomson Reuters data

** Stock, up 7 pct, top FTSE 250 riser

** Evraz is one of Russia's largest steelmakers & Chelsea soccer club owner Roman Abramovich holds a stake in co (RM (LSE: RM.L - news) : tricia.wright1.thomsonreuters.com@reuters.net)