HELSINKI (Reuters) - Finland's government investment arm Solidium has acquired a 3.3 percent stake in Nokia at a cost of about 844 million euros ($1.04 billion) to strengthen Finnish influence over the telecom network gear maker.
He said Solidium was not seeking a seat on Nokia's board at an upcoming shareholder meeting but that it could look at that option going forward.
He noted that Solidium has this year taken a more active role in the boardrooms of the companies it owns stakes in.
Nokia ruled the global mobile phone market a decade ago and was a dominant economic engine for the country, providing 4 percent of its GDP and 20 percent of its exports.
The collapse of Nokia's former phone business was a major reason for Finland's decade of stagnation from which it is only just recovering.
"The appealing factors for us are the company's strong market position combined with broad technological expertise," Makinen said.
Solidium's mandate is to own significant Finnish companies with an idea to keep them "more or less Finnish", Makinen told Reuters in an interview last month.
Solidium manages minority holdings in 13 listed Finnish companies which mainly originate from an era of state-led industrialisation.
($1 = 0.8112 euros)
(Reporting by Jussi Rosendahl; Editing by Terje Solsvik/Keith Weir)
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