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