Ferrexpo mining company with main assets in Ukraine in 2022 reduced foreign exchange earnings from product exports by 51.7% compared to the previous year - to $1.188 billion from $2.461 billion.
The Kyiv Economic Court's seizure of majority shares of 50.3% in PrJSC Poltava Mining, Yeristovo Mining LLC, and Belanovo Mining LLC belonging to the mining company Ferrexpo under a claim of the Deposit Guarantee Fund seeking to secure the recovery of losses of almost UAH 46 billion of Finance and Credit Bank and its creditors is illegal and will be appealed, the legal advisors of the ex-owner of the bank Kostiantyn Zhevaho, who controls 50.3% of Ferrexpo, have said.
The Shevchenkivsky District Court of Kyiv partially canceled the seizure of the accounts of PJSC Poltava Mining of Ferrexpo Plc with assets in Ukraine to pay salaries to employees, provide assistance to internally displaced persons and mobilized workers, and ensure the production process.
LONDON (dpa-AFX) - Ferrexpo plc (FXPO.L) said it has received a court order issued at the request of a prosecutor in Ukraine, to freeze the bank accounts of Ferrexpo Poltava Mining, a subsidiary
Ferrexpo PLC on Tuesday said Ukrainian courts have granted an order to freeze one of its subsidiary s bank accounts amid accusations of a potential underpayment.
Ferrexpo is a Swiss-headquartered. | February 7, 2023