Wärtsilä has today been informed of the following changes in ownership as a result of Fiskars Group’s and Investor AB’s agreement to merge their ownership interest through a joint venture.
Fiskars Group has informed Wärtsilä Corporation that it has through its subsidiary Avlis AB sold Wärtsilä shares on 23 April 2012 and now owns less than 3/20 (15%) of the company’s votes. Following the transaction Avlis AB owns 25,641,347 shares or 13% of Wärtsilä’s share capital and total votes.
Investor AB has informed Wärtsilä Corporation that it has through its subsidiary Aktiebolaget Navigare purchased Wärtsilä shares on 23 April 2012 and now owns more than 1/20 (5%) of the company’s votes. Following the transaction Aktiebolaget Navigare owns 12,701,821 shares or 6.44% of Wärtsilä’s share capital and total votes.
The joint ownership of Fiskars Group and Investor AB exceeds 3/20 (15%), and is following the transaction 38,343,168 shares or 19.44% of Wärtsilä’s share capital and votes. The basis for cumulating the shareholdings is the arrangement announced on 24 April 2012 based on which Fiskars Group and Investor have agreed to merge their respective Wärtsilä shareholdings through a joint venture and to act in concert concerning their Wärtsilä shareholdings already as from the date of the announcement.