Nokia shares rise in falling market on talks of possible merger, asset sale

Topics Nokia | Assets Details | Coronavirus


Shares in Nokia Oyj rose in a falling market on Thursday, after Bloomberg News reported that the Finnish telecom network equipment maker was considering asset sales and mergers. JPMorgan analysts wrote in the wake of the report: "If exploring strategic options, only viable ones are a sale to an unrelated Tech company or asset sales." Shares in Nokia were 1.

1 per cent higher mid-day in Helsinki, while European technology shares index was 2.1 per cent lower. A Mirabaud Securities trader said the Bloomberg report supported.

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