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Market Impact: 0.38
Ferrexpo shares climb as top shareholder extends $15m credit line
Source: proactiveinvestors.co.uk
Banking & LiquidityCapital Returns (Dividends / Buybacks)Commodities & Raw MaterialsCompany Fundamentals
Ferrexpo secured a $15 million unsecured loan facility from its largest shareholder, Fevamotinico, providing immediate liquidity ahead of a proposed $100 million equity raise. Shares rose 6% to 30.98p from 29.20p, indicating a favorable initial market response, though the planned equity financing highlights ongoing funding needs.
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