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FXPO — Ferrexpo News Story

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UK-listed Ferrexpo gains after securing $15 mln loan from top shareholder

BUZZ-UK-listed Ferrexpo gains after securing $15 mln loan from top shareholder

** Shares of iron ore pellet producer Ferrexpo FXPO.L up 7.6% at 31.42 pence

** Co says largest shareholder, Fevamotinico, will provide an unsecured $15 million loan facility

** Says loan provides immediate liquidity ahead of completion of the company's planned $100 million fundraising

** YTD, stock is down nearly 57%


(Reporting by Neeshita Beura in Bengaluru)

((Neeshita.Beura@thomsonreuters.com))

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