ltecity
2013-06-18, 09:22 PM
Germany's Siemens has approached a number of private equity groups to seek a buyer for Nokia Siemens Networks joint-venture.
It is also possible that Siemens could sell just its 50% stake in the company, but investors may be wary as Nokia retains management control of the company.
Siemens is able to sell its 50% stake to an outside buyer without permission from Nokia after its five-year veto expired earlier this year.
Citing sources familiar with the talks, the Wall Street Journal said that the company would have a valuation of around US$9.4 billion including debt.. A sale would also be doubly beneficial for Nokia as it currently accounts for the joint-venture's debt on its own accounts.
It is also possible that Siemens could sell just its 50% stake in the company, but investors may be wary as Nokia retains management control of the company.
Siemens is able to sell its 50% stake to an outside buyer without permission from Nokia after its five-year veto expired earlier this year.
Citing sources familiar with the talks, the Wall Street Journal said that the company would have a valuation of around US$9.4 billion including debt.. A sale would also be doubly beneficial for Nokia as it currently accounts for the joint-venture's debt on its own accounts.