Ferrexpo AG, which owns 99.11% of the Poltava Mining and Processing Works shares, has squeezed-out shares from the minor shareholders and accumulated all the 100%.

Ferrexpo announced the squeeze-out in May. The price of the shares was 34.24 UAH as opposed to their initial cost of 9.96 UAH.

In 2018 PGOK increased net profit by 19.1% YoY, to 5.08 billion UAH. (Ukrainian metal)

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