Barclays Global Investors Reduces Stake in Konecranes
Barclays Global Investors UK Holdings Ltd has announced a reduction in its shareholding of Konecranes Oyj. The ownership stake has decreased by nearly one percentage point.
Crane manufacturer Konecranes Oyj has received a notification from Barclays Global Investors UK Holdings Ltd, in accordance with securities market legislation, regarding a change in its ownership percentage in the company. According to the notification, as of October 9, 2008, Barclays Global Investors UK Holdings Ltd held a total of 2,999,322 Konecranes shares.
This holding represents 4.88 percent of Konecranes' share capital and voting rights. The previous notification regarding its ownership stake, dated February 28, 2008, indicated a holding of 5.64 percent. Konecranes has a total of 61,424,020 shares outstanding.
Barclays Global Investors UK Holdings Ltd is the parent company for several subsidiaries that hold Konecranes shares, including Barclays Global Investors Limited, Barclays Global Investors N.A., Barclays Global Fund Advisors, and Barclays Global Investors (Deutschland) AG.
Konecranes is a global leader in lifting equipment, providing services, equipment, and parts to various industries, ports, and terminals. As of 2007, the company operated in 43 countries and employed 9,350 people, with a turnover of EUR 1.75 billion.