Nokia's share gains on Here sale speculation
Finnish network equipment maker Nokia's share gained on speculation that the company could be looking to sell Here, its mapping business, Kauppalehti Online reported.
The Finnish-language piece wrote that Nokia’s share price rose 4% to EUR 6.19.
This article cited an analyst from investment bank Inderes, Mikael Rautanen who wrote in his report that the share price rose due to speculation that Here was up for sale.
However, Rautanen himself wrote that Inderes does not believe the business is for sale, the item noted. Nokia announced on Wednesday that Here’s Chief Executive, Michael Halbherr was to step down.
Source Kauppalehti Online