NITROGEN: Group DF – Firtash arrest a 'misunderstanding'

14 March 2014 10:37 Source:ICIS

In Ukraine, Group DF has confirmed this week's arrest of owner Dmitry Firtash in Vienna, but blamed his detention on a misunderstanding.

In a short statement, the company said that according to its information: "The actions of Austria's law enforcement authorities...are neither related to the events happening in Ukraine, nor to the group's activities in Europe or [the] USA. They are related to an investment project dating back to 2006."

The ammonia and urea producer added: "We are convinced that this incident is the result of a misunderstanding, and that this situation will be resolved in the nearest future.

"Group DF will provide further information on this subject in due course."

By Richard Ewing