Nokia and Finland have a long history. Actually, the history of Nokia is even longer than the state where its main headquarters is situated. Solidium Oy, a Finnish government owned company, just invested a lot of money into Nokia. They acquired 3.3% shares in Nokia Corporation for approximately €844 million, and that corresponds to approximately 11% of their holding. This is good news for Nokia since it seems it gained the trust of the State of Finland once again.
Nokia is stable right now and on a good path to spread the 5G network technologies around the world rather quickly. That will for sure be interesting for investors, and who knows, maybe some of them will see the importance of health gadgets and demand to keep them in Nokia.
Anyway, it is interesting to mention that Solidium is an interesting investor with a minority owner in handful other companies like Elisa, Kemira, Konecranes, Metso, Outokumpu, Outotec, Sampo, SSAB, Stora Enso, Tieto and Valmet. Current value of Solidium’s total investment assets is approximately 9.0 billion euros.
Thx Muerte for the tip 🙂