Jan 13 (Reuters) - Rockwool shares fell 8% on Tuesday following a Bloomberg report saying Russia ordered temporary administration over two Russian units of the Danish building materials firm, traders
Rockwool Shares Plunge 8% Following Russia's Asset Seizure Announcement
Impact of Russia's Asset Seizure on Rockwool
Jan 13 (Reuters) - Rockwool shares fell 8% on Tuesday following a Bloomberg report saying Russia ordered temporary administration over two Russian units of the Danish building materials firm, traders said.
Details of the Decree
According to the report, Russian President Vladimir Putin signed a decree appointing temporary administration for the units.
Market Reaction and Revenue Implications
Russia accounts for about 7% of Rockwool group revenues, one trader noted.
Rockwool was not immediately available for comment.
(Reporting by Danilo Masoni and Samuel Indyk; Editing by Amanda Cooper)
