Black Rock's stake in Metso surpasses 5 percent
The information was released as part of a disclosure required by the Finnish Securities Market Act, which regulates minimum disclosures for companies active on the Helsinki Stock Exchange. The 5 percent threshold is one of those minimums.
Black Rock is a multinational asset management firm that controls more money than any other investment organization in the world. As of Sept. 30, Black Rock controlled $4.5 trillion in total assets.
Metso is a Finland-based company that supplies flow-control technology primarily for the mining, oil and gas industries. It also provides automated products for pulp and paper companies.