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
Robots recommend:

Nokia hired a band to record ringtones
The charge Lumia wirelessly in Moscow stores
Nokia is also working on smartphones with flexible displays

Tags: Exilion | Nokia



Tags: , ,

In: A Technology & Gadgets Asked By: [19094 Red Star Level]

Answer this Question

You must be Logged In to post an Answer.

Not a member yet? Sign Up Now »

Star Points Scale

Earn points for Asking and Answering Questions!

Grey Sta Levelr [1 - 25 Grey Star Level]
Green Star Level [26 - 50 Green Star Level]
Blue Star Level [51 - 500 Blue Star Level]
Orange Star Level [501 - 5000 Orange Star Level]
Red Star Level [5001 - 25000 Red Star Level]
Black Star Level [25001+ Black Star Level]