Rus News Journal

Nokia redeems the manufacturer of navigating systems Navteq

Shareholders of the American manufacturer of navigating systems Navteq Corp. Have approved the transaction on company acquisition by the Finnish manufacturer of cellular telephones and communication facilities Nokia Oyj.
As the press - release Navteq is informed in extended today, in favour of the transaction at extraordinary meeting of shareholders have expressed more than 75 % of voting shareholders of the company. Now for end of the transaction it is necessary for companies to meet with approval of regulating bodies.
the transaction between Nokia and Navteq it has been declared on October, 1st 2007. On terms of transaction, Nokia will pay on 78 dollars cash for each action Navteq that estimates all transaction in 8,1 mlrd dollars (5,7 mlrd euro). The transaction has met with approval of boards of directors of both companies, it finalizatsija is planned for I quarter 2008.
we Will remind that net profit Nokia following the results of I half-year 2007. Has grown on 71 % - to 3,81 mlrd euro in comparison with 2,23 mlrd the euro, received for the similar period year before.
Sales volume Nokia for accounting half-year has increased by 16 % and has made 22,44 mlrd euro against 19,32 mlrd euro in January - June 2006., and the operational profit has reached 3,63 mlrd euro and has exceeded on 26 % a similar indicator 2006., fixed on a mark 2,87 mlrd euro.
Navteq has been based in Chicago in 1985. Also is the leading supplier of electronic cards for automobile navigating systems and devices, the Internet - appendices and business - ON.
the Company having representations in 30 countries of the world, also posesses the Internet - site Traffic. com, giving to the clients the information on traffic. Gain Navteq in 2006. Has made 582 million dollars company Staff makes about 3 thousand persons.