HELSINKI, Finland-Nokia Corp. announced 32 million of its shares owned by its Dutch
subsidiary, Nokia Finance International B.V., will be transferred to Nokia’s wholly owned Finnish subsidiary,
Nokiterra.
In all, 4.5 million Nokia A shares and 27.6 K shares, representing 5.3 percent of Nokia’s share capital,
will be sold in an internal transaction.
According to Nokia, the transfer enables further streamlining of Nokia’s share
structure. Nokiterra later will be merged into Nokia Corp., at which point the acquired shares will come into Nokia
Corp.’s possession.
The purchase price will correspond to Nokia’s share price, and will be approximately $4 billion,
said Nokia.
