SOLIDIUM OWNS MORE THAN 5.0 PER CENT OF TALVIVAARA MINING COMPANY26.9.2011
Solidium Oy has increased its holding in Talvivaara Mining Company to 5.05 per cent of the share capital through open market purchases. Solidium owns in aggregate 12 418 718 shares in Talvivaara.
Talvivaara is an internationally significant base metals producer with its primary focus on nickel and zinc using a technology known as bioheapleaching to extract metals out of ore.
Further information: Managing Director Kari Järvinen, Solidium Oy, tel. +358 (0)10 830 89 05
Solidium is a limited company wholly owned by the State of Finland. Its mission is to strengthen and stabilise Finnish ownership in nationally important companies and increase the value of its holdings in the long run. Investment activities are based on financial analysis. The core of Solidium’s investment strategy is proper, value enhancing asset management of the current holdings. Through its stakes, Solidium is a minority owner in eleven listed companies: Elisa, Kemira, Metso, Outokumpu, Rautaruukki, Sampo, Sponda, Stora Enso, Talvivaara, TeliaSonera and Tieto. The market value of Solidium’s investments is approximately EUR 6.4 billion at the date of this press release. Further information: www.solidium.fi