Miner Ferrexpo hits near 10 year low on equity raise plans to avoid insolvency

Ferrexpo

22/04/2026 13:54

Updates

   ** Shares of Ferrexpo FXPO.L plunge as much as 24.7% to about 32.5p, their lowest level since July 2016
** 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 54.6%

(Reporitng by Akshaya V in Bengaluru)

((akshayav@thomsonreuters.com))