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Finland government acquires 3.3 per cent stake in Nokia

March 13, 2018

Solidium, the investment arm of Finland’s government has acquired a 3.3 per cent stake in Nokia to strengthen Finnish ownership in the telecom network gear maker. The shares were acquired from the market during the beginning of 2018 for about $1.04 billion.

Moreover, Solidium stated that the appealing factors for increasing its stake in Nokia were its strong market position combined with broad technological expertise. However, it stated that it was not seeking any control on Nokia’s board at the moment but indicated that it could look at that option going forward.

 
 

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