Schroder Investment Management Increases Stake in Konecranes

Schroder Investment Management Limited has announced a significant increase in its ownership stake in Konecranes Oyj. The investment firm's share of Konecranes' stock now surpasses 20 percent, marking a notable shift in the company's shareholding structure.

The announcement, made on March 13, 2003, details Schroder Investment Management's acquisition of a specified number of Konecranes shares. Further details regarding the exact size of the stake are available in a separate PDF attachment.

Konecranes is a global manufacturer and service provider of lifting equipment, operating across various industries worldwide. The company's business encompasses the provision of cranes, lifting equipment, and related maintenance and spare parts services.

The increased stake by Schroder Investment Management may signal a strategic commitment to Konecranes' operations and future prospects. A substantial investor's growing ownership could influence the company's stock value and strategic decisions.