(BFW) Nokia to Sell HERE to German Carmakers for EU2.8b


MORE: Nokia to Sell HERE to German Carmakers for EU2.8b
2015-08-03 05:29:06.973 GMT


By Claudia Rach
(Bloomberg) -- BMW, Daimler, Audit will hold equal stake in
HERE, none of them seeks majority interest, BMW says in
statement.

* BMW sees HERE deal closing in 1Q 2016
* Nokia says to focus on merger with Alcatel-Lucent
* HERE 1H op profit EU28m
* HERE defined liabilities seen “slightly” below EU300m
* HERE to operate as co. business until transaction closes
* Nokia statement
* NOTE: Nokia to sell HERE to BMW, Audi, Daimler for EU2.8b

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To contact the reporter on this story:
Claudia Rach in Berlin at +49-30-70010-6219 or
crach1@bloomberg.net
To contact the editor responsible for this story:
James Ludden at +44-20-3525-2645 or
jludden@bloomberg.net