Roschier advises Nokia as it enters into an agreement with the French State regarding the sale of leading submarine networks business ASN

Recent work|June 27, 2024

Nokia has entered into a put option to sell Alcatel Submarine Networks (ASN), a leading submarine networks business, to the French State, represented by the Agence des participations de l’Etat (APE), subject to informing and consulting with the relevant employee representatives at ASN and Nokia.

Nokia will retain a 20% shareholding with board representation to ensure a smooth transition until targeted exit, at which point the French State would acquire Nokia’s remaining interest.

Roschier team led by partner Johanna Flythström acted as the lead IP and technology counsel to Nokia in the transaction.