Company Wigmore Street Investments No. 3 intends to sell the remainder of shares in iron ore company Ferrexpo PLC (UK, core assets in Ukraine), and to completely withdraw from this business.
According to Bloomberg, we are talking about the sale of 78 million shares of the company, which constitute approximately 13% stake in Ferrexpo.
It is noted that the securities will be placed among institutional investors. Deutsche Bank acts as the Manager of this transaction.
Following this announcement shares of Ferrexpo fell by almost 10%, as Wigmore Street Investments No. 3 Limited was the second largest shareholder of the company.
We will remind, at the end of October 2016 Wigmore Street Investments No. 3 almost halved their share. Then the company placed among institutional investors (secondary placing) 63 million Ferrexpo shares, or 10.7% of the securities in circulation at GBP1,1 for 1 set, On the basis of transactions in the ownership of Wigmore remained about 13.2% stake in Ferrexpo.
While Wigmore was a commitment within the next 90 days to sell or transfer her remaining securities.
Ferrexpo iron ore company with assets in Ukraine, the largest producer and exporter of pellets in CIS, whose shares are traded on the London stock exchange. By the end of 2015, the company took third place among the world’s largest producers and exporters of pellets for blast-furnace production, increasing their output by 5.8% to 11.7 million tons and exports – by 1.5%, to 11.3 million tons.
Company Wigmore is a subsidiary of CERCL Holdings Limited, a joint venture of BXR Group and Czech businessman Zdenek Bakala.
The largest shareholder of Ferrexpo is a businessman and people’s Deputy of Ukraine Konstantin Zhevago. Through Fevamotinico S. a.r.l. he owns 50,3% of the shares of the company.