Nokia completed the acquisition of Alcatel-Lucent, buying all its shares
Nokia announced yesterday that it has completed the acquisition of Alcatel-Lucent. The closing of the transaction in this case means the redemption of all of the issued shares of Alcatel-Lucent.
We will remind, in 2015, it was announced about the purchase of Alcatel-Lucent, in the beginning of this year, Nokia has gained control of this company, having bought out a little over 70% stake, and in the summer increased its stake to 95%.
But now Nokia owns all the shares of Alcatel-Lucent and is able to fully integrate the assets of this company in its structure, although in General, as one company they have worked since January of this year. As stated in the press release, the acquisition is the crown of a three-year restructuring process, which started in 2013 with the acquisition of Siemens stake in Nokia Siemens Networks. Nokia expects that in 2018 will be to save annually not less than $ 1.3 billion through this transaction.