Nokia holds 91 percent of Alcatel after second round of offer

Wed Feb 10, 2016 4:36am EST
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

HELSINKI (Reuters) - Finnish telecoms network equipment maker Nokia (NOKIA.HE: Quote) on Wednesday said it holds about 91 percent of the shares in France's Alcatel-Lucent ALUA.PA following the second round of its 15.6 billion euro ($17.6 billion) all-stock offer.

Nokia has already started to combine its operations with those of Alcatel after gaining control of it last month.

However, Nokia would need 95 percent of the shares to be able to squeeze out the remaining stake.

(Reporting by Jussi Rosendahl; editing by Jason Neely)

 
The Nokia headquarters is seen in Espoo, Finland, July 28, 2015.  REUTERS/Mikko Stig/Lethikuva