Finland is building its Nokia stake in response to US interest: Report

The Finnish state is buying shares of Nokia Oyj to send a signal that it’s ready to protect the maker of 5G mobile networks amid a geopolitical battle in which the US has expressed interest in owning a part of the company.
 

The state’s equity-asset manager Solidium Oy recently crossed the 5% threshold in Nokia shares, and now has about 1 billion euros ($1.2 billion) worth of stock. The telecommunications-equipment maker was earlier this year reported to have hired advisers to consider strategic alternatives and US Attorney General William Barr has suggested his government should buy a stake in Nokia