LONDON-Nokia Corp. said it has filed an application to delist its shares from the London Stock Exchange, citing its limited liquidity on the exchange for several years. The company said the London exchange accounts for less than 1 percent of its total trading.
“This measure will encourage the concentration of the trading of Nokia shares in the most liquid market places in Europe as well as in other markets,” said the company.
The company will trade on the Helsinki Stock Exchange and the Frankfurt and Paris exchanges within the euro zone, the New York Stock Exchange and the Stockholm Stock Exchange.
The anticipated de-listing will take place on or about Nov.26, according to the company.
