Ferrexpo
Ferrexpo is a Ukrainian mining company that produces and exports iron ore pellets. Its main operations are based in the Poltava region of Ukraine, centred on a group of mining and processing plants. The company is registered in Switzerland and listed on the London Stock Exchange, controlled by Ukrainian businessman Andriy Verevskyi through his holding.
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Ferrexpo raises $100m in share placement led by Kernel's Verevsky
Swiss-registered iron ore group Ferrexpo placed 448,848,484 new shares at 16.5 pence each on 4 September, raising roughly $100 million. Kernel owner Andriy Verevsky contributed $50 million for a 21.4% stake, while existing largest shareholder Fevamotinico subscribed for additional shares. The funds are intended to restart Poltava and Yeristivsky mining and processing plants, which suspended production on 5 August due to security risks and port blockages.