Investors put pressure on Nokian Tyres after controversial Russia comments
There has been a consumer outcry in Finland as comments from a tire manufacturer were interpreted as saying the war in Ukraine could increase its market share in Russia. Nokian Tyres, which share price has plummeted since the beginning of the war, is partially owned by the state holding company Solidium and pension giants Varma and Ilmarinen.
AMWatch Editorial Team
Helsinki-listed Nokian Tyres has been the target of fierce criticism and calls for consumer boycotts since last week, after analysts implied the withdrawal of other tire manufacturers from Russia could increase its share in the market, where it continues to operate despite sanctions.
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