Ferrexpo ( (GB:FXPO) ) has provided an update.
Ferrexpo Plc has responded to a statement by Ukraine’s State Bureau of Investigation regarding the transfer of 49.5% of Ferrexpo Poltava Mining’s corporate rights to Ukraine’s Asset Recovery and Management Agency. This transfer is linked to ongoing legal cases concerning alleged embezzlement at a bank previously owned by Mr. Zhevago, who has no shares in Ferrexpo Poltava Mining. Ferrexpo’s operations remain unaffected, and the company is seeking legal clarity on the court’s decision.
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, and is part of the FTSE 250 and FTSE4Good indices. The company produces high-grade iron ore pellets for the global steel industry, which help reduce carbon emissions and increase productivity. Ferrexpo has been supplying premium steel mills worldwide for over 50 years and was the world’s third-largest exporter of pellets before Russia’s invasion of Ukraine in 2022.
YTD Price Performance: -29.40%
Average Trading Volume: 3,251,548
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £439.3M
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