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@ Layer3.news
2025-02-06 06:15:03
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IRON ORE PRODUCER FERREXPO PLUNGES 51% AFTER $3.8 BILLION UKRAINIAN CIVIL CLAIM
https://media.zenfs.com/en/bloomberg_markets_842/559e17da93aab6eb903b698a614de28c
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✍️ Ferrexpo PLC's shares plummeted 51% after a 157 billion Ukrainian hryvnias ($3.8 billion) civil claim was filed against its Ukrainian subsidiary, alleging illegal mining and environmental damage.
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👉 Ferrexpo PLC's shares dropped 51% after a 157 billion Ukrainian hryvnias ($3.8 billion) civil claim was filed against its Ukrainian subsidiary
👉 The claim alleges illegal mining and environmental damage
👉 Ferrexpo rejected the allegations, stating that the accusations have 'transformed' from earlier claims of illegal sale of waste products
👉 The subsidiary intends to defend its position in Ukrainian courts
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#London #Ukraine #Switzerland #California #NewYork #business
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