Ferrexpo PLC Update on Bank F&C (6831J)
21 12월 2015 - 4:00PM
UK Regulatory
TIDMFXPO
RNS Number : 6831J
Ferrexpo PLC
21 December 2015
21 December 2015
Ferrexpo plc
("Ferrexpo", the "Group" or the "Company")
Update on Bank F&C
As previously reported on 18 September 2015, the National Bank
of Ukraine declared Bank Finance and Credit JSC ('Bank F&C'),
Ferrexpo's principal transactional bank in Ukraine and a related
party ultimately controlled by Ferrexpo's largest shareholder
Kostyantin Zhevago, insolvent.
The National Bank of Ukraine announced on 18 December 2015 that
Bank F&C's banking licence will be revoked and that the bank
will be liquidated in due course.
For further information contact:
Ferrexpo:
Ingrid McMahon +44 203 705 5458
Maitland:
James Isola +44 207 379 5151
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
This information is provided by RNS
The company news service from the London Stock Exchange
END
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