Brexiteer launches coup at iodine maker to ‘take advantage of Coronavirus’
Leave campaigner Arron Banks. Photograph: Victoria Jones/PA. - Credit: PA Archive/PA Images
Brexiteer Arron Banks is said to be launching a shareholder coup at an iodine manufacturer in a bid to 'take advantage of the Coronavirus' outbreak.
The Telegraph reports that the billionaire Leave-backer wants to see Iofina's non-executive chairman Lance Baller replaced, and wants to join the board alongside others including his brother John Banks.
The newspaper reports that Banks wants to see the company 'take advantage' of Iodine's use as a disinfectant during the Coronavirus.
The business owns the technology to transform brine water to iodine and has the rights to produce the waste product from gas in an Atlantis field in Montana.
It produced more than 600 metric tonnes of iodine in 2019.
You may also want to watch:
Banks is said to believe the company has made "strategic blunders" under the existing boss, which relate to the company's strategy and finances.
He previously called for governments to work with the business: "Given that there are already shortages of sanitising disinfectants, which are not as effective as iodine-based disinfectants, the US and UK governments should immediately team up with companies that produce these products and make them available to the world."
Most Read
- 1 Michael Gove claims Boris Johnson is a 'huge asset' to Scotland
- 2 Sky News presenter says Boris Johnson is 'gaslighting the nation' over Covid claims
- 3 Home Office launches voluntary repatriation scheme for EU nationals
- 4 Brussels politician says Boris Johnson should 'pay for EU workers to stay' in UK
- 5 David Cameron's wife says Brexit has made trading 'difficult' for her business
- 6 Website that allows public to see if their MP is 'a p***k' gets 250,000 views in four days
- 7 Piers Morgan and Susanna Reid reject Boris Johnson's coronavirus claim
- 8 Nigel Farage reminded of claim that 'acid test of Brexit' surrounds fishing after clip resurfaces
- 9 Pro-Brexit fishing campaigner says Boris Johnson's deal has left her with 'no fish'
- 10 Boris Johnson is the 'worst PM' and should resign, says Alastair Campbell
He is expected to write to the firm's board demanding a shareholder meeting for a vote over his plans.
Become a Supporter
The New European is proud of its journalism and we hope you are proud of it too. We believe our voice is important - both in representing the pro-EU perspective and also to help rebalance the right wing extremes of much of the UK national press. If you value what we are doing, you can help us by making a contribution to the cost of our journalism.
