Blackrock Increases Stake in Nokia Corp by Over 5%
New York: Global asset management giant Blackrock has increased its stake in Nokia by over 5 per cent.
US-based Blackrock Inc is the world's largest asset manager with over $4 trillion in assets under management.
In a statement, Nokia Corporation said: "The holdings of BlackRock Inc in Nokia have exceeded 5 per cent of the share capital and voting rights of Nokia."
On September 22, 2014, BlackRock holdings in Nokia, through its controlled undertakings, comprising of both shares and convertible bonds issued by Nokia, amounted to a total of 188,139,957 shares, corresponding to about 5.02 per cent of the total number of shares and voting rights of Nokia, it added.
The total holdings of Blackrock include 179,656,351 Nokia shares, corresponding to around 4.80 per cent of the total number of shares and voting rights of Nokia.
Besides, convertible bonds issued by Nokia that would, upon conversion based on the current conversion price result to a holding of 8,483,606 shares, corresponding to about 0.23 per cent of the current total number of shares and voting rights of Nokia.
The maturity date of the convertible bonds is October 26, 2017, Nokia said.
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