The competition practice team at Egorov Puginsky Afanasiev & Partners Ukraine has assisted Nokia Corporation (“Nokia”) in obtaining regulatory clearance from the Antimonopoly Committee of Ukraine (“AMCU”) for the EUR 15.6 billion acquisition of Alcatel-Lucent.
In April 2015, Nokia and Alcatel-Lucent announced their intention to combine to create an innovation leader in the next generation technology and services for an IP connected world. Each company’s Board of Directors has approved the terms of the proposed transaction, which is expected to close in the first half of 2016.
Nokia is a leader in the fields of network infrastructure, location-based technologies and advanced technologies. Headquartered in Espoo, Finland, and with operations around the world, Nokia invests in the technologies of the future. The company is focused on three businesses: network infrastructure software, hardware and services, which it offers through Nokia Networks; location intelligence, which it provides through HERE; and advanced technology development and licensing, which it pursues through Nokia Technologies. Through these businesses, the company has a global presence, employing around 57,000 people. Shares of Nokia are publicly listed on the Helsinki Stock Exchange and the New York Stock Exchange.
Alcatel-Lucent is the leading IP networking, ultra-broadband access and cloud applications specialist. The company employs approximately 52 600 employees as of end 2014 including 20 000 R&D employees. Its products and services are distributed all over the world. It is organized in two main operating segments: Core Networking segment including three business divisions: IP Routing, IP Transport and IP Platforms; and Access segment including four business divisions: Wireless, Fixed Access, Licensing and Managed Services. Alcatel-Lucent's shares are traded on Euronext Paris, which represents the principal trading market for its ordinary shares and on the New York Stock Exchange in the form of American Depository Shares.
The competition team of Egorov Puginsky Afanasiev & Partners Ukraine led by Partner Oksana Ilchenko and Associate Oksana Franko was working on this mandate.