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Ferrexpo plc (LSE: FXPO) has issued a holding statement acknowledging media reports in Ukraine regarding a potential claim to the High Anti-Corruption Court of Ukraine by the State Bureau of Investigation. The company states it has not received any formal notification of the claim and is consulting with legal advisors to assess the situation.
Ferrexpo is a Swiss-headquartered iron ore company with assets in Ukraine and is listed on the London Stock Exchange as part of the FTSE 250 index. The company produces high-grade iron ore pellets for the global steel industry, offering products that enable reduced carbon emissions and increased productivity for steelmakers. Prior to Russia's invasion of Ukraine in February 2022, Ferrexpo was the world's third-largest pellet exporter.
