Ferronordic announces outcome of offer to convert preference shares
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Latest press releases
Ferronordic sells its Russian business
Ferronordic has divested its Russian business. The purchase price corresponds to SEK* 1,320m. Approx. SEK 230m of this amount has been used by Ferronordic AB to repay debt to the sold Russian subsidiaries. The remaining part of the purchase price has been received in euro on Ferronordic’s account in Austria. For the Group, the divestment thus entails a cash inflow of approx. SEK 1,090m. Ferronordic’s other operations in Germany and Kazakhstan are not directly affected by the transaction.
Bulletin from Ferronordic’s extraordinary general meeting (EGM) 2022
At Ferronordic’s EGM on 15 December 2022, held without physical presence pursuant to the Act on temporary exceptions to facilitate the execution of general meetings in companies and other associations (SFS 2022:121), the shareholders resolved to approve the proposal for incentive program for members of the Group’s executive and extended management teams including issuing of warrants.