The main regulatory hurdle that prevented Microsoft completing the takeover of Nokia’s handset and services businesses in the first quarter has been overcome, with China approving the deal.
Nokia shares closed up 5 per cent at €5.59 in Helsinki on the news.
Nokia said last month it expected the transaction to close in April, compared to expectations of it doing so in the first quarter, when the €5.4bn deal was first announced last September.
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