Funds managed by Nordea have sold their shares in Norway's Nordic Mining due to concerns over the planned handling of residue from the company's mine, financial news website E24 reported on Wednesday, citing a Nordea executive.
"It would be rare to see an outright decline in demand, but I think that's what we are going to see in Europe over the next 3-6 months," Citi analyst says.
Former shareholders have filed claims to invalidate a share purchase deal from 2002, in which a more than 40% stake in FPM was sold to its former CEO and other parties.