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Finnish Nokia shares decline by 7% on the Helsinki Stock Exchange

Finnish Nokia shares decline by 7% on the Helsinki Stock Exchange

HELSINKI: The value of Nokia shares declined by 7% on the Helsinki Stock Exchange recent week following the announcement of talks with Alcatel-Lucent over possible buyout, whereas the stock of Alcatel-Lucent rose by over 13 percent in Paris. Nokia confirmed on Tuesday that it was negotiating a takeover of Alcatel-Lucent, which, if successful, would be carried out through a public offer by Nokia. However, Nokia claimed that there was no certainty that the talks between Nokia and its competitor Alcatel-Lucent would lead to a merger.

Commenting on the decline of the Nokia share value, Hannu Rauhala, an analyst of the Finnish OP Group bank, told Finnish national broadcaster Yle that an envisaged purchase would increase the risk profile of the company.

French President Francois Hollande (R) welcomes Michel Combes (L), Telecom equipment maker Alcatel-Lucent Chief Executive Officer, and Nokia’s President and Chief Executive Rajeev Suri as they arrive for a meeting at the Elysee Palace in Paris on April 14, 2015. Photo AFP-Lehtikuva. arlier speculation focused on the possibility that Nokia would purchase the wireless business from Alcatel-Lucent, not the whole company.