HELSINKI, Finland, Jan. 4, 2006 (PRIMEZONE) -- Metso Corporation has been informed about a decrease in the holding of the mutual funds managed by J.P. Morgan Chase & Co. of the paid up share capital of Metso Corporation. On December 29, 2005, J.P. Morgan Chase & Co. 's holdings amounted to 4.76 percent of the paid up share capital of Metso Corporation after being, on the basis of their previous announcement, 5.33 percent on November 9, 2005. The threshold of five percent was crossed on December 29, 2005 when J.P. Morgan Securities Ltd. sold 460,000 Metso shares.
According to their announcement, holdings by mutual funds of J.P. Morgan Chase & Co. on December 29, 2005 were as follows:
J.P. Morgan Investment Management Inc. 2,262,270 shares J.P. Morgan Trust Bank 408,000 shares J.P. Morgan Fleming Asset Management (Japan) 10,806 shares Limited JPMorgan Asset Management (UK) Limited 3,476,956 shares JPMorgan Chase Bank 419,545 shares J.P. Morgan Securities Ltd. 158,880 shares J.P. Morgan Investment Management Inc. 2,200 ADRs Total 6,741,657 shares/ADRs
This holding corresponds to 4.76 percent of the paid up share capital of Metso Corporation.
Metso is a global engineering and technology corporation with 2004 net sales of approximately EUR 4 billion. Its 22,000 employees in more than 50 countries serve customers in the pulp and paper industry, rock and minerals processing, the energy industry and selected other industries.