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Ukraine court upholds claim against Ferrexpo
(Sharecast News) - Iron ore pellet producer Ferrexpo said a Ukraine's court of appeal has confirmed a claim against it for around $125m as part of the long-running court case against its largest shareholder.
The company on Monday said it would ill file an appeal to the Ukraine's Supreme Court in Ukraine.
London-listed Ferrexpo, is facing several court cases or investigations by Ukrainian authorities trying to recover assets from founder and 49.5% shareholder Kostyantin Zhevago.
It said its operations remain unaffected. and a further announcement would be made "as appropriate".
Reporting by Frank Prenesti for Sharecast.com
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