Nokia sale their office, for what?

Nokia finally officially selling its head office in Espoo, Finland. It was decided after the company suffered economic conditions have not improved. Of sales offices, Nokia managed to obtain cash of £ 170 million.



Nokia CFO Timo Ihamuotila revealed that even though they had sold the building, it does not mean they are moving its headquarters. They will still use the building rent status. They reasoned that the move headquarters is not a major asset of the company. And, the sales are made for the sake of survival.

Is a company called Exilion the buyer of the office. Deal ends the sale of the building was expected to be realized by the end of this year.

Before selling the building, Nokia has made several efficiency measures. These steps include manpower cuts and even sell his factory.

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