- Metso OYJ (Finland, SEDOL: 5713422, GICS: Industrials, GICS Code: 20106020) will replace Brambles Industries PLC (United Kingdom, SEDOL: 3061673 GICS: Industrials, GICS Code: 20201030) in the S&P Europe 350, and will be added to the S&P Euro Plus and S&P Euro, following the unification of Brambles Industries PLC (London listing) and Brambles Industries Ltd (Australia) as one holding company with a primary listing on the ASX and secondary trading on the London Stock Exchange.
Metso OYJ is an international technology corporation that serves customers in the pulp and paper industry, rock and minerals processing, power generation and other selected industrial sectors. The number of shares outstanding will be 141,655,000 and the Investable Weight Factor will be 0.889. The company will be added to the S&P Europe 350 GICS (Global Industry Classification Standard) Industrial Machinery sub industry.
Following is a summary of the announced addition and deletion:
| S&P Europe 350, S&P Euro Plus, S&P Euro and S&P United Kingdom – close of trading 23 November 2006 | |||
| COMPANY | GICS ECONOMIC SECTOR | GICS SUB-INDUSTRY | |
| ADDED | Metso OYJ | Industrials | Industrial Machinery |
| DELETED | Brambles Industries PLC | Industrials | Diversified Commercial & Professional Services |
