Finnish network equipment maker Nokia said on Friday it was looking into transactions at its former French rival Alcatel-Lucent which it acquired in 2016, after reporting possible compliance issues at the unit to U.S. authorities.
Shares were down 5.12 percent by 12:12 p.m. EST, on track for worst day since October 2017 and bottom of the pan-European STOXX 600 index.
Nokia said certain practices relating to compliance issues at the former Alcatel-Lucent business had raised its concerns during the integration process.
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