De' Longhi to Acquire Nokia Facility in Romania; Terms Not Disclosed

Nokia Corporation (NYSE: NOK) and De' Longhi SpA, a global leader in household appliances, today announced that they have agreed terms for De' Longhi to acquire Nokia's production facility in Cluj, Romania, subject to approvals by the relevant authorities.

The transaction is expected to be finalized during the first quarter of 2012 and the parties have agreed to keep the terms confidential.