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Samsung denies interest in Nokia

Samsung Electronics denied it was interested in acquiring Nokia, sending shares in the Finnish mobile phone company down 2 percent.

business Updated: Jun 11, 2012 17:05 IST

Samsung Electronics denied it was interested in acquiring Nokia, sending shares in the Finnish mobile phone company down 2 percent.

Nokia shares rose 6 percent last Friday on speculation of a possible buyout offer.

"Such reports are purely speculative and are not true," the company said.