Published by Global Banking & Finance Review®
Posted on January 13, 2026
1 min readLast updated: January 19, 2026
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Rockwool shares dropped 8% following a report of Russia seizing assets. Russia contributes 7% to Rockwool's revenue, affecting market sentiment.
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.
According to the report, Russian President Vladimir Putin signed a decree appointing temporary administration for the units.
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)
Asset seizure refers to the legal process where authorities take possession of assets, usually due to legal violations or debts owed. This can significantly impact the affected company's operations and financial standing.
Corporate profits are the earnings that a company generates after all expenses, taxes, and costs have been deducted from its total revenue. These profits are crucial for business growth and shareholder returns.
Market conditions refer to the various factors that influence the performance of a financial market, including economic indicators, investor sentiment, and supply and demand dynamics.
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