Nokia said Tuesday it plans to delist its shares from the Euronext Paris stock exchange, citing a review of trading volumes, costs and administrative requirements.
This marks the second time the Finnish telecommunications equipment maker has sought to leave the Paris bourse.
The company previously delisted in 2004 due to low trading liquidity but returned with its 2016 acquisition of French rival Alcatel-Lucent.
Nokia's shares will remain listed on Nasdaq Helsinki and its American Depositary Receipts will continue to trade on the New York Stock Exchange, the company said.
The delisting is subject to approval from the board of Euronext Paris and is expected to take effect within the next three months, according to the company.
The move to simplify its listings comes as Nokia undergoes a strategic shift under new leadership, focusing on artificial intelligence and streamlining operations.
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