Finnish investment company Solidium has invested 205 million euros ($232.8 million) to acquire a 5.1 percent stake in tyre manufacturer Nokian Tyres.
The company paid about $33.26 per share as it bought 7 million shares in Nokian Tyres.
Solidium said that Nokian Tyres has growth opportunities at its hand owing to the greenfield investment in its third production factory, which is being constructed in Dayton, U.S.
The company added that the commitment is expected to boost production capacity in Nokian Tyres’ factory in Nokia, Finland.