Nokia completes the transaction of Motorola's Symbian shares
October 08, 2003
Nokia announced on August 29th its intention to increase the shareholding in Symbian by acquiring part of Motorola's Symbian shares. The announced transaction was subject to pre-emption process among other shareholders of Symbian and to a clearance by German Federal Cartel Office. The cartel office clearance is now complete and no other shareholder used the pre-emption rights apart from Nokia and Psion plc.
As a result, Nokia has purchased a number of Motorola's Symbian shares, representing 13.2% of all the shares in Symbian, while Psion plc has purchased the remaining Symbian shares of Motorola, representing 5.8 percent of all the shares. Nokia's shareholding in Symbian increases from 19.0 percent to 32.2 percent. The value of the shares purchased by Nokia is GBP 39.6 million.
Nokia is the world leader in mobile communications. Backed by its experience, innovation, user-friendliness and secure solutions, the company has become the leading supplier of mobile phones and a leading supplier of mobile, fixed broadband and IP networks. By adding mobility to the Internet, Nokia creates new opportunities for companies and further enriches the daily lives of people. Nokia is a broadly held company with listings on six major exchanges.