INEOS bond under pressure while company prepares EU anti-dumping cases
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Euronews.com
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INEOS's euro bond has dropped nearly 10% in a month, increasing financial pressure on the company amid ten anti-dumping cases filed with the European Commission. The bond's value fell from €95.14 to around €85.4, with a low of €84.9 earlier this week. INEOS, controlled by Sir Jim Ratcliffe, claims that low-cost imports are harming domestic producers, leading to plant closures and job losses. The company is also facing a weak market, high energy costs, and has been downgraded by Fitch Ratings. Teljes cikk (Euronews.com)