Kostyantyn Zhevago, CEO and majority owner of Ukraine’s largest iron ore pellet exporter Ferrexpo (FXPO LN), lost to Oleksiy Movchan

Tuesday, July 23, 2019
Kostyantyn Zhevago, CEO and majority owner of Ukraine’s largest iron ore pellet exporter Ferrexpo (FXPO LN), lost to Oleksiy Movchan

Kostyantyn Zhevago, CEO and majority owner of Ukraine’s largest iron ore pellet exporter Ferrexpo (FXPO LN), lost to Oleksiy Movchan, a political neophyte and member The People’s Servant party. Concorde Capital’s Dmytro Khoroshun dismisses the financial impact of the loss of Zhevago, an MP since 1998, writing: “Ferrexpo’s fundamentals remain strong. We expect Ferrexpo’s 1H19 EBITDA, which will be reported on Aug. 2, to have reached $350-375 million, or a 50-60% yoy jump.”

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