Ferrexpo shares soar as trading resumes, some production restarts
Ferrexpo shares soar as trading resumes, some production restarts By Sophie Kiderlin
LONDON, Sept 7 (Reuters) - Shares in Ukraine-focused iron ore pellet producer Ferrexpo FXPO.L shares surged as much as 60% when they resumed trading on Monday after several months of suspension.
The company last week said it had secured a $100 million equity fund-raise last week after publishing its full-year results for 2025 and on Monday announced the restart of production at its operations in Ukraine. Shares were last up around 32% on the day.
Here are some more details:
Ferrexpo shares had been suspended from trading from May 1 after the company failed to secure a $100 million equity fund-raise in time to publish its audited 2025 results by a regulatory deadline.
The Ukraine-focused miner has been dealing with heavily strained finances.
Both Russian and Ukrainian forces have intensified long-range air strikes in recent weeks.
U.S. peace envoys Jared Kushner and Steve Witkoff heralded new momentum in peace talks after meeting Ukrainian President Volodymyr Zelenskiy in Kyiv on Sunday.
(Reporting by Sophie Kiderlin; Editing by Amanda Cooper)