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20 Apr

Court favours Ferrexpo in long-standing shareholding dispute

The Supreme Court of Ukraine annulled on 19 April the decision of the Northern Commercial Court of Appeal to invalidate the 2002 purchase by Ferrexpo affiliates of 40.19% of shares in its subsidiary Poltava Mining and Processing Plant (PGZK), Kallanish notes. In 2002, companies related to the current owners of the plant – Eastcoast United Inc., Statex Corp., Newport Inc., Sayers Holdings Limited – purchased 40.19% of the shares of PGZK from four non-re…
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