Investment Firm Owns Five Per Cent Of Nokian
On 20 July, 2007 Nokian Tyres received an announcement from Grantham, Mayo, Van Otterloo & Co LLC (GMO), according to which as a result of a share transaction concluded the previous day, their ownership has increased the level of 5 per cent of the voting rights and share capital in Nokian Tyres plc. GMO now holds a total of 6,224,719 Nokian Tyres’ shares, representing 5.06 per cent of the company’s 122,989,620 shares and voting rights.
GMO is a global investment management firm, founded in 1977. Its headquarters are in Boston, with offices in San Francisco, London, Zurich, Singapore and Sydney and the company employs around 350 people worldwide. In March 2007 GMO was managing US$ 145 billion in client assets.