Black Rock's stake in Metso surpasses 5 percent

As of Thursday, Black Rock Inc. holds 5 percent of the shares in international valve-maker Metso -- a total share count of over 7.52 million.

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.

Organizations in this story

Metso 20965 Crossroads Cir Waukesha, WI 53186

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