Disposal of stake in Ferrous Resources Limited

RNS Number : 6511P

Ferrexpo PLC

09 June 2015

 

9 June 2015

Ferrexpo plc

("Ferrexpo", the "Group" or the "Company")

Disposal of stake in Ferrous Resources Limited

Further to the announcement made on 30 April 2015, the conditions for the disposal of Ferrexpo's interest in Ferrous Resources Limited have now been satisfied and the proceeds of US$41.8 million from the disposal have been received by the Company. 

For further information contact:

Ferrexpo:
Ingrid McMahon	[phone]
Maitland:
Peter Ogden	[phone]

Notes to Editors:

Ferrexpo is a Swiss headquartered iron ore company with assets in Ukraine. It has been mining, processing and selling high quality iron ore pellets to the global steel industry for over 35 years. Ferrexpo's resource base is one of the largest iron ore deposits in the world. The Group is the 4th largest supplier of pellets to the global steel industry and the largest exporter of pellets from the CIS. In 2014, it produced a record 11 million tonnes of pellets, a 2% increase compared to 2013. Ferrexpo has a diversified customer base supplying steel mills in Austria, Slovakia, the Czech Republic, Germany and other European states, as well as in China, India, Japan, Taiwan and South Korea. Ferrexpo is listed on the main market of the London Stock Exchange under the ticker FXPO. For further information, please visit www.ferrexpo.com

 

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