In October, the Financial Times reported that in addition to selling-off non-core assets in Canada, VimpelCom is also looking to dispose of its non-core assets in Sub-Saharan Africa, Laos, and Cambodia.
And with the bank working hard raise capital through the sale of any non-core or loss-making assets, it was only a matter of time before the insurance division was targeted.
As we have said before, owning real estate is not part of Nokia's core business and when good opportunities arise we are willing to exit these types of non-core assets.