Britain’s Ferrexpo Plc with assets in Ukraine is mulling the squeeze-out at private joint-stock company Poltava Mining (Poltava region), the largest iron ore pellet producer in Ukraine.
The company told Interfax-Ukraine that the issue is being analyzed.
“Ferrexpo plans to take this way,” the group said.
Currently, Ferrexpo Plc owns 100% of Ferrexpo AG, which, in turn, owns 99.11% of the shares of Poltava Mining and 100% of the shares of Yeristovo Mining.
In Ukraine, after updating the legislation, a number of companies initiated a squeeze-out procedure in enterprises in which their share exceeds 95%.
Ferrexpo is a Swiss headquartered iron ore company with assets in Ukraine. It mines, processes and sells high quality iron ore pellets to the global steel industry.
