Former head of the business and Equity Partners GmbH in discussions to buy Nokia's line fit automotive business

08.02.08 - 20:21 ... source : Nokia

... January 28, 2008 Espoo, Finland - Nokia today announced that the company is in negotiations to divest its Automotive Business to the former head of Nokia's Enhancements unit and the Automotive Business, and Equity Partners GmbH. If the negotiations are successful, the transaction will enable employment for the personnel in the current Automotive entity at the new company. Nokia will start consultations with the works council about the transfer of the Automotive Business including the transfer of the affected employees to the new company. "We are happy to negotiate with Razvan Olosu and Equity Partners GmbH about selling our Automotive business to them. If successful, this deal will enable employment for the affected employees. It would also allow for smooth continuation of the business and customer relationships in the new company. Razvan Olosu has an estab ...» Next (HTML)