Business International

Nokia holds 91 percent of Alcatel after second round of offer

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

HELSINKI (Reuters) – Finnish telecoms network equipment maker Nokia on Wednesday said it holds about 91 percent of the shares in France’s Alcatel-Lucent 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)

Copyright 2015 Thomson Reuters. Click for Restrictions.

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