Extract from M&A Insights

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State of Finland acquires Nokia shares for over EUR 840m
March 14, 2018

Finland's state investment company, Solidium, has acquired a 3.3 % stake in Nokia at a cost of about EUR 844m making it the single largest shareholder in the telecom network equipment company. According to Solidium CEO Antti Makinen, Nokia's strong market position and its knowhow are basis for a rise in value. He also noted that in addition to being an attractive investment target, Nokia is also Finland's largest company.

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