6:32 PM
“We are exploring different options for our property assets. This includes a possible sale of our headquarters. However, we have no plans to move our head office”. This is the quoted statement of Nokia’s financial director Timo Ihamuotila told the Finnish daily Helsingin Sanomat on Wednesday, Oct. 03, 2012. The said building is said to be worth between 200-300 million euros.
The reason of possible selling of Nokia's headquarters is that the company needs to raise cash. Base on the reports, Nokia has now been losing market shares and having a net loss of 1.4 billion euros or $1.8 billion in the second quarter of this year. As of now, they still have the cash file of more than 4 billion euros.
The reason of possible selling of Nokia's headquarters is that the company needs to raise cash. Base on the reports, Nokia has now been losing market shares and having a net loss of 1.4 billion euros or $1.8 billion in the second quarter of this year. As of now, they still have the cash file of more than 4 billion euros.
