Rockwool stock steadies today after Russia takeover shock — buyback and February report now in focus
Rockwool B shares rose 1.7% in Copenhagen Wednesday after plunging nearly 8% Tuesday on news the company lost control of four Russian factories due to a Kremlin decree. The group plans to write down 469 million euros in equity and de-consolidate the Russian units. Analysts flagged a significant earnings hit and risks to proprietary know-how. CEO Jes Munk Hansen called the takeover illegal and vowed legal action.