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General

Nokia, Siemens end talks to sell stake in NSN

Wednesday 13 July 2011 | 14:26 CET | News
Nokia and Siemens have rejected offers from private equity companies to invest in their joint venture Nokia Siemens Networks. The two partners said in a joint statement that they have completed a review of offers and have decided to continue the shareholding structure as is. Rumours of a possible sale by one or both partners have circulated for at least a year, and the company earlier confirmed talks with possible investors. The latest reports suggested that consortia of Gores Group and Platinum Equity as well as Kohlberg Kravis Roberts & Co and TPG Capital had abandoned talks with the

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Categories: General
Companies: Nokia / Nokia Siemens Networks / Siemens
Countries: World
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