Nokia to Delist from Euronext

Nokia applied to delist from the pan-European stock market Euronext in Paris. Its shares, however, will remain on Nasdaq Helsinki, and its American depositary receipts will be listed on the New York Stock Exchange.

In a statement, the company explained that the decision by its board was taken following a review of the trading volumes, costs, and administrative requirements related to the listing. The delisting requires the approval of the board of Euronext Paris and is expected to take effect within the next three months.

Additional details regarding the delisting process will be announced separately, the statement added. Last week, the Finland-based vendor lined up a $1 billion investment from Nvidia, which will take a 2.9% equity stake in Nokia.