Ericsson shares risk becoming “uninvestable” in the foreseeable future according to Citibank analysts, after a new report detailed the Stockholm-based company’s involvement in making potential payments to terrorist organization ISIS to facilitate the sales of its goods in Iraq.
Many of the new details published on Sunday, which include information on payments likely to have been made to gain access to transport routes in Iraq, originated from an internal report commissioned by Ericsson and obtained by the International Consortium of Investigative Journalists.
Ericsson shares slumped as much as 7.6% in Stockholm on Monday. The stock had already fallen 14.5% after ...
