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Nokia to sell German automotive electronics business

LONDON (MarketWatch) — Nokia said it’s selling its automotive line-fit business to Razvan Olosu, the former head of Nokia’s Enhancements unit, and Equity Partners GmbH, a German private equity firm. Nokia didn’t disclose terms on the deal. Nokia in January had said it was talks on such a deal. Nokia has been heavily criticized in Germany for job cuts it’s made as it phases out phone production in the country.
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Original post by Forextvblog

This entry was posted on Wednesday, May 14th, 2008 at 11:45 am and is filed under Daily Forex Analysis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “Nokia to sell German automotive electronics business”

  1. Nokia to sell German automotive electronics business Says:
    May 14th, 2008 at 1:46 pm

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