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Nokian Tyres reports on change in shareholding pattern.

M2 EQUITYBITES-December 13, 2018-Nokian Tyres reports on change in shareholding pattern

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Tyre manufacturer Nokian Tyres Oyj (HEL:NRE1V) announced on Wednesday the receipt of an announcement from BlackRock Inc, on 11 December 2018, according to which the total number of Nokian Tyres shares owned by

BlackRock Inc and its funds exceeded level of 5% of the share capital in Nokian Tyres plc.

Reportedly, this increase was a result of share transactions concluded on 10 December 2018.

BlackRock Inc and its funds held on deal date a total of 6,945,446 Nokian Tyres' shares, representing 5.03% of company's 138,065,719 shares and voting rights.

Nokian Tyres is especially well known for its innovative winter tyres. The group also includes the Vianor chain, specialising in vehicle maintenance and tyre services.

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Publication:M2 EquityBites (EQB)
Date:Dec 13, 2018
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