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HELSINKI - Nokia Corporation (HEL:NOKIA) announced on Friday that Nishant Batra, a senior executive at the company, purchased 2,864 shares of the telecommunications equipment maker at a price of €3.5793 per share.
The transaction, which took place on Thursday on the Nasdaq Helsinki exchange, amounts to approximately €10,251 in total value, according to a regulatory filing.
The disclosure was made in compliance with the EU Market Abuse Regulation, which requires executives and board members to report transactions in their company’s securities.
Nokia, a B2B technology company focused on network infrastructure, has been working to strengthen its position in the telecommunications equipment market amid industry-wide transitions to next-generation technologies.
The information was disclosed in a company press release statement as part of mandatory transaction reporting requirements for senior managers of publicly traded companies.
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