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The Guardian - UK
The Guardian - UK
Business
Nick Fletcher

Mixed day for Chelsea owner Abramovich as Evraz falls but fuel cell firm AFC jumps 7.5%

It's proving to be a mixed day for Roman Abramovich.

Evraz, the Russian steelmaker controlled by the billionaire owner of Chelsea football club, has fallen 9.9p to 237.7p after it temporarily shut its Czech production line due to low demand. The European sector has been hit by the economic downturn, as well as rising costs and cheap imports.

But on the bright side for Abramovich, Aim-listed AFC Energy, the fuel cell company where his Ervington Investments is paying £8.7m for a 15% stake, has added another 7.5% to 35.75p following Thursday's news of his involvement.

And at least he does not have to worry about Chelsea: the team have a break for the international weekend.

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