Nokia ( (GB:0HAF) ) has issued an announcement.
Nokia has transferred 127,434,986 of its shares to Citibank, N.A., as part of the acquisition process of Infinera Corporation. This strategic move aligns with Nokia’s merger agreement with Neptune of America Corporation and Infinera, enhancing its market position and potentially impacting stakeholders by integrating Infinera’s assets and capabilities.
More about Nokia
Nokia is a leader in B2B technology and innovation, focusing on advanced network solutions that integrate seamlessly into various ecosystems. With a strong foundation in fixed, mobile, and cloud network expertise, Nokia has been at the forefront of creating value through intellectual property and research, led by the renowned Nokia Bell Labs for over a century.
YTD Price Performance: 11.30%
Average Trading Volume: 2,776,478
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €25.25B
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