Ferrexpo Resolves Legal Proceedings Against Ukrainian Subsidiary

The latest update is out from Ferrexpo ( (GB:FXPO) ).

Ferrexpo announced that the creditor protection proceedings initiated by LLC VKO ‘Kysen’ against its subsidiary, Ferrexpo Poltava Mining, have been closed following the settlement of the outstanding debt and rejection of the appeal by Kysen. This closure resolves a significant financial uncertainty for Ferrexpo Poltava Mining, potentially stabilizing its operations and affirming Ferrexpo’s industry positioning amidst ongoing challenges in Ukraine.

More about Ferrexpo

Ferrexpo is a Swiss headquartered iron ore company with assets in Ukraine and is listed on the London Stock Exchange. It is part of the FTSE 250 and FTSE4Good indices. The company produces high-grade iron ore pellets, which are a premium product for the global steel industry, enabling reduced carbon emissions and increased productivity. Ferrexpo has been supplying the global steel industry for over 50 years and was the world’s third largest exporter of pellets before the 2022 Russian invasion of Ukraine.

YTD Price Performance: 0.38%

Average Trading Volume: 2,729,179

Technical Sentiment Consensus Rating: Sell

Current Market Cap: £624.5M

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