Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
Metso has today sold its head office property located at Fabianinkatu 9, Helsinki, Finland, to Genesta’s Nordic property fund, for a debt-free price of EUR 19.6 million.
Metso will continue as a tenant at the premises until the anticipated move in December to the refurbished premises in Sanomatalo, located in Helsinki’s city center. Moving to Sanomatalo provides Metso with a modern and flexible new headquarters in a central Helsinki location.
About Genesta
Genesta is a fund and investment manager that specializes in commercial real estate in the four Nordic countries. Genesta invests in office, retail and logistics assets and has offices in Stockholm, Helsinki, Copenhagen and Luxembourg. www.genesta.eu
Metso is a world leading industrial company serving the mining, aggregates, recycling, oil, gas, pulp, paper and process industries. We help our customers improve their operational efficiency, reduce risks and increase profitability by using our unique knowledge, experienced people and innovative solutions to build new, sustainable ways of growing together.
Our products range from mining and aggregates processing equipment and systems to industrial valves and controls. Our customers are supported by a broad scope of services and a global network of over 80 service centers and about 6,400 services professionals. Metso has an uncompromising attitude towards safety.
Metso is listed on the NASDAQ OMX Helsinki, Finland, and had net sales of about EUR 2.9 billion in 2015. Metso employs over 12,000 persons in more than 50 countries. Expect results.
www.metso.com, www.twitter.com/metsogroup
