Latest Notification on BlackRock's Stake in Orion Corporation

Author: Hannah Lewis Updated: 04-25-2025 10:30 AM

Understanding BlackRock's Recent Disclosure

Orion Corporation has disclosed an important update regarding its shareholder structure. This update comes in response to a notification received from BlackRock, Inc., which reported its increased stake in Orion Corporation. Under Swedish securities regulations, specifically Chapter 9, Section 10 of the Securities Market Act, this change is noteworthy and signals a shift in ownership dynamics.

BlackRock's Stake Surpasses Significant Threshold

As of April 24, it has been confirmed that BlackRock, Inc. and its affiliated funds have crossed the critical threshold of owning more than five percent of Orion Corporation’s total shares. This milestone marks a notable increase in BlackRock's investment strategy within the pharmaceutical sector.

Details of BlackRock's Position

According to the notification, BlackRock now holds:

Shares and Voting Rights:
5.01% of shares owned directly, with voting rights currently recorded as below 5%.
No shares associated with financial instruments were noted, indicating that all holdings are direct ownership. Orion Corporation currently has a total of approximately 141 million shares in circulation.

Background on Orion Corporation

Orion Corporation is a prominent Finnish company known for developing and distributing pharmaceutical products that contribute to global health and well-being. The company has been a significant player in the pharmaceutical industry for over a century, focusing on innovative therapies and reliable healthcare solutions.

Orion’s product range includes not only human pharmaceuticals but also veterinary medicines, making it a versatile entity in the health sector. Among Orion's core therapeutic areas are oncology and pain management, where they continually advance research and development initiatives to bring new treatments to market.

Current Market Position and Future Outlook

The financial performance of Orion Corporation continues to reflect growth. For the previous financial year, net sales reached approximately EUR 1.54 billion, supported by a dedicated workforce of about 3,700 employees. As both A and B shares of Orion are traded on Nasdaq Helsinki, market participation in Orion's growth potential is broad.

Leadership and Corporate Responsibility

Under the leadership of Liisa Hurme, the President and CEO, alongside Olli Huotari, the EVP of Corporate Functions, Orion Corporation stands committed to innovation and excellence in pharmaceuticals. Their strategy encompasses not just market expansion but also ensuring the sustainability of practices that contribute positively to society.

Frequently Asked Questions

What is the significance of BlackRock's stake in Orion Corporation?

This increase in ownership reflects confidence in Orion's potential and may influence future strategic decisions and company direction.

How has Orion Corporation performed financially recently?

In the last fiscal year, Orion recorded net sales of approximately EUR 1.54 billion, indicating a strong market presence.

What primary areas does Orion focus on in its pharmaceutical development?

Orion primarily focuses on oncology and pain management, developing innovative solutions for critical health issues.

How is Orion Corporation structured in terms of shares?

Orion’s shares are listed on Nasdaq Helsinki, with both A and B share classifications available to investors.

Who can be contacted for more information about Orion Corporation?

For further inquiries, Tuukka Hirvonen from the Investor Relations team is the designated contact person, reachable at +358 10 426 2721.

About The Author

Hi there, I'm Hannah Lewis, a writer and financial specialist of 36 years old committed to making money understandable and approachable to everyone. Years of working in the field have given me a thorough grasp of market trends, investment techniques, and economic fundamentals. My objective is to enable people, by means of understandable, useful guidance, to take charge of their financial destiny.

I have written many articles for financial blogs over my career that simplify difficult financial ideas into understandable insights. Being financially literate is a critical ability, and I am passionate about enabling people to confidently manage their financial lives. Regardless of your level of experience, my work will help you at every stage of the investment process. I appreciate being allowed to share in your success and financial expansion.

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