Nokia on Friday announced the completion of the sale of its Here mapping business to a group of German car makers, making €2.55 billion from the transaction.
The Finnish vendor agreed to sell Here to Audi, BMW and Daimler in early August in a deal that valued the business at €2.8 billion, subject to certain adjustments.
"Based on the current estimates of such adjustments, Nokia received net proceeds from the transaction of approximately €2.55 billion at closing, which is consistent with Nokia’s earlier estimated net proceeds of slightly above €2.5 billion," it said in a statement.
Nokia on Thursday announced the impending closure of the deal, having received all the required regulatory approvals.
"The sale of Here is the latest stage of Nokia’s transformation ahead of its planned combination with Alcatel-Lucent, which is expected to close in the first quarter of 2016," Nokia said on Friday.
