Finance
Rockwool shares drop 8% on Russia asset seizure report
Published by Global Banking and Finance Review
Posted on January 13, 2026
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)
Frequently Asked Questions about Rockwool shares drop 8% on Russia asset seizure report
1What is asset seizure?
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.
2What are corporate profits?
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.
3What are market conditions?
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.
