MOSCOW. Aug 29 (Interfax) - Russia's Evraz Group could increase its stake in Delong Holdings to 75% as the result of an offer if its bid to acquire a controlling 51% stake in the Chinese steel trader and producer is successful, Evraz co-owner Alexander Frolov said during a conference-call.

By Guy Faulconbridge The Russian steel maker Evraz Group, in its first investment in China, said this week that it would buy a stake in Delong Holdings for about $1.5 billion. Delong is based in Beijing and is listed on the Singapore stock exchange.