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Finland takes stake in Nokia to boost national ownership

Reuters  |  HELSINKI 

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."We believe that this will be a good investment. One must remember that Nokia is Finland's largest company and its Finnish ownership has been rather thin," Solidium CEO Antti Makinen told Reuters.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 ...

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First Published: Tue, March 13 2018. 14:42 IST
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