Assets
Solidium is the holding company which is completely belonging to the state of Finland. The total amount of its investments exceeds 9 billion euros.
Among company assets packets in the following enterprises presented at the Russian market:
History
2018: Purchase of shares of Nokia for $1 billion
On March 13, 2018 Solidium announced purchase of 3.3% of stocks of Nokia for 844 million euros (more than $1 billion). This transaction the state will strengthen influence on the Finnish producer of telecommunication equipment.
 | We are sure that it is good investment. It is worth remembering that Nokia is still the largest Finnish company in which capital Finland participated very slightly — the CEO of Solidium Antti Makinen reported Reuters agency. |  |
According to him, Solidium is not going to nominate the member in Board of Directors of Nokia at shareholder meeting which will take place in May, 2018, however the company can consider this question in the future.
Makinen answered a question of plans of Solidium to increase a share in Nokia that he is happy with the current amount of ownership and does not want to think of new investments. About 11% of total expenses of Solidium for acquisition of shares in the companies were the share of Nokia.
By March, 2018 the number of the employees of Nokia working in Finland is about 6300 people whereas all state totals about 102,800 employees. According to information from the website of the company, less than 3% of stocks belong to three Finnish pension funds.
The analyst of Inderes Equity Research Mikael Rautanen considers that Solidium as the long-term investor, selected the correct time for purchase of shares of Nokia as at the time of acquisition securities cost little, and the forecast for the telecommunication market improves. Besides, Nokia is the technology company, significant for Finland, the expert noted.
Anti-Makinen says that Nokia attracted Solidium with the strong positions in the market and extensive experience in the field of technologies. Solidium wants that the companies, important for the country, remained "more or less Finnish" and tried to obtain success in business, he said.[1]
2010
In April, 2010 Solidium Oy purchased 5% of Tieto Corporation, one of the largest European system integrators. According to iteuropa.com, transaction amount made about 58 million euros. After its implementation Solidium Oy became the third largest shareholder of Tieto.
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