
Ferrexpo Secures $100 Million Lifeline to Resume London Trading
Ukrainian iron ore producer Ferrexpo has secured roughly $100 million in emergency funding from a domestic investor, averting imminent bankruptcy. The capital injection enables the company to stabilize its finances and resume trading on the London Stock Exchange.
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Ferrexpo Takes a Step Off the Brink With $100 Million in Funding
Ferrexpo Plc, an iron ore miner in Ukraine working to stave off insolvency, raised about $100 million from investors through a long-awaited fundraising program that it had called essential for its continued survival.
By Tuhin Kar
Read full article →Ukrainian agri-oligarch gives Ferrexpo $50 million lifeline, company to resume London trading
Ferrexpo's board welcomed the investment, with Lucio Genovese, the board’s non-executive chair, writing in a statement that the company will be able to resume exports to international customers, resume spending it had previously postponed and increase production when conditions in Ukraine improve.
By Dominic Culverwell
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