On Thursday, the Helsinki stock exchange experienced a slight decline, with the OXMH general index decreasing from 0.3 percent in the morning to 0.1 percent later in the day. The Nordic market saw stocks down by 0.3 percent, while Nokian had increased by 0.7 percent. Among the most actively traded stocks, Wärtsilä showed a 1.5 percent increase.
Meanwhile, Nokia made an announcement that it was selling its submarine cables division ASN to the French state for EUR 1 billion as part of a deal that included retaining a 20 percent ownership stake and representation on the board until the end of the agreed period for a smooth transition. The expected completion of the deal is by the end of 2024 or early 2025.
Optomed, a manufacturer of fundus cameras, conducted a directed share issue, issuing 150,000 new shares at a subscription price of EUR 5.25 and netting approximately EUR 7.9 million in gross proceeds from the issue. Despite this, Optomed’s share price saw a significant decrease from previous day’s closing price – ending at EUR 6