ESPOO, FINLAND--(Marketwire - Dec 4, 2012) - Nokia has agreed to sell and lease back its
building in Espoo, Finland on a long-term lease to Finland-based Exilion.
expect to complete the sale by the end of 2012. The selling price is EUR
"We had a comprehensive sales process with both Finnish and foreign
and we are very pleased with this outcome. As we have said before, owning
estate is not part of Nokia's core business and when good opportunities
are willing to exit these types of non-core assets. We are naturally
to operate in our head office building on a long-term basis," said Timo
Ihamuotila, CFO, Nokia.
Note to editors: Nokia has operated in the building since 1997. The 48,000
building, designed by architect Pekka Helin, is located in Keilaniemi,
Nokia is a global leader in mobile communications whose products have
integral part of the lives of people around the world. Every day, more than
billion people use their Nokia to capture and share experiences, access
information, find their way or simply to speak to one another. Nokia's
technological and design innovations have made its brand one of the most
recognized in the world. For more information,
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Source: NOKIA via Thomson Reuters ONE