Shares in the Sandvika, Norway-based company fell 27 percentto 2.134 kroner in the Norwegian capital, the lowest since listing in May 2006,and traded 21 percent lower as of 9:06 a.m.
The
Rec drops following write-downs
Renewable Energy Corp. ASA (Rec) slumped to its lowest level on record in Oslo after saying it will book 4.25 billion kroner, or about 567 million euros, of charges and other costs in the second quarter, Bloomberg News reported.
