Ferrexpo Challenges Ukraine Over Investment Treaty Breaches

Ferrexpo ( (GB:FXPO) ) has shared an announcement.

Ferrexpo PLC has issued a formal notification to Ukraine under international investment agreements, citing breaches of the UK-Ukraine and Swiss-Ukraine Bilateral Investment Treaties. This action follows a series of adverse decisions by Ukrainian state bodies, including asset freezes and management detentions, which Ferrexpo claims are without merit and contrary to Ukrainian law. The company seeks to resolve these issues through negotiations with the Ukrainian government, aiming to lift the unlawful actions and protect its investments.

More about Ferrexpo

Ferrexpo is a Swiss headquartered iron ore company with assets in Ukraine, listed on the London Stock Exchange under the ticker FXPO. It is a constituent of the FTSE 250 and FTSE4Good indices. The Group produces high-grade iron ore pellets, which are a premium product for the global steel industry, enabling reduced carbon emissions and increased productivity for steelmakers. Ferrexpo has been supplying the global steel industry for over 50 years and was the world’s third-largest exporter of pellets before Russia’s full-scale invasion of Ukraine in February 2022. The company serves a global customer base of premium steel mills.

YTD Price Performance: -22.87%

Average Trading Volume: 3,286,115

Technical Sentiment Consensus Rating: Hold

Current Market Cap: £479.8M

See more data about FXPO stock on TipRanks’ Stock Analysis page.