Nokia issues shares for Alcatel-Lucent, joins CAC 40

News General Global 11 JAN 2016
Nokia issues shares for Alcatel-Lucent, joins CAC 40

Nokia announced that its public exchange offer for Alcatel-Lucent securities in France and the US has been settled. Nokia’s 1.46 billion new shares have been entered into the Finnish trade register and the company is now included in France's CAC 40 index. The total number of Nokia shares now stands at 5.45 billion shares, with Nokia's share capital unchanged at EUR 245.9 million. Nokia expects to reopen the offers in France and the US on 14 January and to close them on 3 February.

Alcatel-Lucent has confirmed Philippe Camus as CEO and chairman of the board, now modified to reflect the company’s new ownership structure following the settlement of the offer on 7 January. Jean Monty, Louis Hughes, Olivier Piou, Stuart Eizenstat, Kim Crawford Goodman and Francesco Caio have resigned. Risto Siilasmaa, Rajeev Suri, Timo Ihamuotila, Maria Varsellona and Samih Elhage have been coopted to the board, subject to ratification by the shareholders of Alcatel-Lucent at the next shareholders’ general meeting. Nokia has stated that it would vote in favour of such ratification.

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General

Companies:

Nokia,  Alcatel-Lucent

Regions:

Global

Tags:

Network equipment, Wireline, Wireless, M&A buyouts & divestments, Officers & directors

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