December 4, 2012 / 9:46 AM / 5 years ago

Nokia to sell its headquarters in Finland

HELSINKI, Dec 4 (Reuters) - Cellphone maker Nokia said it will sell its head office building in Espoo, Finland for 170 million euros ($222 million) as part of a drive to sell assets.

The glass and steel building by the Baltic Sea will be bought by Finnish real estate company Exilion, and Nokia will lease it back on a “long-term basis,” it said on Tuesday.

Nokia, which has been trying to improve its finances through job cuts and other measures, said it planned to exit more non-core assets.

$1 = 0.7650 euros Reporting By Jussi Rosendahl. Editing by Jane Merriman

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