lack of money has forced Nokia to sell headquarters




The lack of money has forced Nokia to sell headquarters

Financial affairs at Nokia really bad, once the company is selling its headquarters in Espoo (Finland). High-rise building with a total area of 48 000 square meters valued at 170 million euros. The buyer is found. They became the Finnish company Exilion, investing in real estate. The transaction should be completed by the end of this year, according to the official website of Nokia.

“We have been negotiating with foreign and local investors. We accept the result. We have already stated that the property is for us the most important thing in business. On occasion you can always get rid of non-core assets. Naturally, we will stay in this building for the long term ”

– Said the chief financial officer of Nokia Ihamoutila Timo (Timo Ihamuotila).

Every indication is that the Finns have an acute shortage of available funds. Recall that in June the company sold Vertu , the production division of luxury mobile phones.

It will be interesting to look at the figures of the financial report for the IV quarter.

Source: Press
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Tags: Exilion | Nokia



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