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Ferrexpo plc (FEEXF)
- Fool.co.uk
Up 14% in a day! Is this embattled FTSE 250 company on the road to recovery?
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- Reuters
Ferrexpo hit with corporate rights restrictions for Ukraine subsidiaries
"It is understood that the restrictions are part of an ongoing series of legal proceedings against Kostyantin Zhevago relating to Bank Finance & Credit and are not related to the Ferrexpo Group," the London-listed miner said on Tuesday. Ukrainian billionaire Zhevago, Ferrexpo's biggest shareholder, has been facing legal challenges amid Ukraine's efforts to clamp down on corruption, which is vital to meet the conditions for joining the European Union, despite Russia's full-scale invasion.
- Reuters
Ukrainian billionaire Zhevago fights off London fraud lawsuit
Ukrainian billionaire Kostyantyn Zhevago has won a bid to throw out a London lawsuit over allegations he embezzled money from the now bankrupt lender Finance & Credit Bank. Zhevago, who controls London-listed iron pellet producer Ferrexpo, was being sued on behalf of the bank in which he had a 95% indirect shareholding before its 2015 collapse. WWRT Ltd, a company that claims it was ultimately assigned Finance & Credit Bank's right to sue, brought the case at London's High Court.
