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Nokia Inks Deal With The French State Regarding The Sale Of Submarine Networks Business ASN For An Enterprise Value Of €350M

Author: Benzinga Newsdesk | June 27, 2024 05:56am

Nokia will retain a 20% shareholding with board representation to ensure a smooth transition until targeted exit, at which point the French State would acquire Nokia’s remaining interest.

The sale is expected to close at the end of 2024 or beginning of 2025, subject to formal consultation of ASN’s French Works Council and other customary closing conditions and regulatory approvals.

Posted In: NOK