Nokia to sell HQ for $222M

Originally published: December 4, 2012 11:09 AM
Updated: December 4, 2012 11:10 AM
By BLOOMBERG NEWS

Photo credit: Nokia | Nokia smartphones displayed on their website.

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Nokia Oyj agreed to sell its headquarters as the struggling Finnish mobile-phone maker works to improve profitability by divesting assets.

Nokia agreed to sell the 48,000 square-meter (517,000 square-foot) glass building overlooking a lake in Espoo, Finland, for 170 million euros ($222 million) to Exilion Capital and start a long-term lease, it said in a statement Tuesday. The company is focusing...

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