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SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16

of the Securities Exchange Act of 1934

[January 28, 2005]

Metso Corporation

(Translation of registrant’s name into English)
Fabianinkatu 9 A,
PO Box 1220
FIN-00101
Helsinki, Finland

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F

     
Form 20-F þ
  Form 40-F o

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

     
Yes o
  No þ

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g-32(b):82-

 


 

SIGNATURES

Date     January 28, 2005

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf of the undersigned, thereunto duly authorized.

Name:

     
Olli Vaartimo
  Harri Luoto
Executive Vice President and CFO
  Senior Vice President,
Metso Corporation
  General Counsel
  Metso Corporation

 


 

FRANKLIN RESOURCES INC.’S HOLDINGS IN METSO

(Helsinki, Finland, January 28, 2005) – Metso Corporation (NYSE: MX; OMX: MEO)

Metso Corporation has been informed about a decrease in the holding of the funds managed by Franklin Resources, Inc. of the paid up share capital of Metso Corporation. The funds managed by Franklin Resources, Inc. owned Metso’s shares on January 26, 2005 as follows:

         
Templeton Global Advisers, Ltd.
  603,416 shares
Templeton Investment Counsel, LLC
  497,226 shares
Franklin Templeton Investment Mgmt. Ltd.
  1,767,985 shares
Franklin Templeton Investments (Asia) Ltd.
  966,920 shares
Total
  3,835,547 shares

This holding amounts to 2.82 percent of the paid up share capital and the total votes of Metso Corporation after being, on the basis of their previous announcement, 4.96 percent on November 10, 2004.

In addition, Franklin Resources, Inc. has voting authority representing 2.13 percent of total shares and ADRs as follows:

         
Templeton Global Advisers Ltd.
  2,984 shares
Templeton Investment Counsel, LLC
  2,512,698 shares
Franklin Templeton Investment Mgmt. Ltd.
  131,940 shares
Franklin Templeton Investments Corp.
  39,780 shares
Franklin Templeton Investments (Asia) Ltd.
  5,535 shares
Templeton Investment Counsel, LLC
  209,160 ADRs
Total
  2,902,097 shares/ADRs

The total amount of voting rights managed by the funds of Franklin Resources, Inc. represented 4.95 percent of Metso’s paid up share capital after being, on the basis of their previous announcement, 7.01 percent on November 10, 2004.

Metso Corporation is a global supplier of process industry machinery and systems, as well as know-how and aftermarket services. The Corporation’s core businesses are fiber and paper technology (Metso Paper), rock and mineral processing (Metso Minerals) and automation and control technology (Metso Automation). In 2003, the net sales of Metso Corporation were EUR 4.3 billion. Metso has approximately 23,000 employees in over 50 countries. Metso Corporation is listed on the Helsinki and New York Stock Exchanges.

For additional information, please contact:
Harri Luoto, SVP, General Counsel, Metso Corporation, tel. +358 204 843 240
Eeva Mäkelä, VP, Investor Relations, Metso Corporation, tel. +358 204 843 253

or

Eeva Mäkelä, Vice President, Investor Relations, Metso Corporation, tel. +358 20 484 3253USA: Mike Phillips, Senior Vice President, Finance and Administration, Metso USA, Inc., tel. +1 770 246 7237.