ALLOYS
The Finnish Financial Supervisory Authority (FFSA) has ordered Danko Koncar, the COO of and main shareholder in London-listed Afarak Group, to pay the Finnish government a €110-million fine. The authority in February 2018 ordered Koncar to launch a takeover bid for Afarak’s shares, claiming that he and entities controlled by him had acted together to exercise control over the specialty alloys producer, and imposed a running conditional fine to enforce that ruling.
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