Miner Ferrexpo drops after company seeks funds to avoid insolvency

Ferrexpo

22/04/2026 08:22

** Shares of Ferrexpo FXPO.L down 10% at 38.82p
** The Ukraine-focused iron ore pellet producer is planning to raise $100 mln equity capital by April 30 to avoid insolvency

** Reiterates that it has sufficient cash to survive until about the end of August
** Co says it is operating at a loss with no timeframe for full resumption of operations caused by the impacts of war in Ukraine
** YTD, FXPO has fallen nearly 46%%

(Reporitng by Akshaya V in Bengaluru)

((akshayav@thomsonreuters.com))