FTSE 250 iron ore miner Ferrexpo has announced that their intention to move a long-running shareholder dispute from Ukrainian courts to the UK has been denied.
The dispute relates to the ownership of Ferrexpo Poltava, the iron ore deposit in central Ukraine. According to Reuters, the company believes it owns 98% of shares in the asset, while former shareholders led by Russian MP Alexander Babakov (known as Gilson and Co) say they own a 40% interest. This debate started back in 2005.
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