Nokia to sell head office building for euro 170 mn

Finnish handset maker Nokia on Tuesday said it will sell its head office building in Espoo to real estate investment firm Exilion for 170 million euros as the struggling cellphone maker continues to cut costs.

"Nokia has agreed to sell and lease back its head office building in Espoo on a long-term lease to Finland-based Exilion. The selling price is euro 170 million," Nokia said in a statement.

The sale is expected to be completed by the end of this year, it added.

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