Finland's Nokia closes maps unit sale to German car makers


  • TECH
  • Monday, 07 Dec 2015

Finland's Nokia has completed the sale of its navigation business HERE to German car makers BMW, Audi and Mercedes. — Reuters

HELSINKI: Finland's Nokia on Dec 4 said it had completed the sale of its navigation business HERE to German car makers BMW, Audi and Mercedes.

Nokia said its net proceeds from the deal would be around €2.55bil (RM11.65bil), in line with its original estimate. The deal was initially estimated to close in the first quarter of 2016.

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