BlackRock's Holding in Metso Shares Changes
Metso Corporation has received a notification from BlackRock, Inc. regarding a change in its shareholding. BlackRock's stake in Metso shares now amounts to 5.01 percent.
Metso Corporation has received an official notification from BlackRock, Inc. concerning a change in its shareholding. The change pertains to the US investment firm's ownership of Metso shares and votes.
According to the notification, BlackRock's direct holding in Metso shares stood at 41,538,118 shares as of August 6. This represents 5.01 percent of Metso's total shares and votes. Additionally, BlackRock holds financial instruments related to Metso shares, covering 4,814,977 shares, which corresponds to 0.58 percent of the total.
Combined, these holdings surpass the threshold requiring notification under the Securities Markets Act. The change may not indicate a shift in BlackRock's investment strategy but could result from trading activities or adjustments in its managed funds' portfolio weights.
Metso is a global supplier of sustainable technologies and solutions for the mining and metals industries. The company's shares are listed on Nasdaq Helsinki.