Nokia In Talks To Sell Vertu To Permira

Finnish company wants to unload world’s most expensive mobile phone brand as it looks to dispose of non-core assets to turnround its devices division

BING NEWS:
  • Nokia in talks with EQT Partners AB to sell Vertu
    LONDON/STOCKHOLM: Nokia is nearing a deal to sell its Vertu luxury-phone unit to Swedish private-equity firm EQT Partners AB as it divests assets as part of a turnaround plan, according to two people with knowledge of the matter. The transaction values ...
    06/14/2012 - 5:04 am | View Link
  • Nokia May Sell Luxury Phone Brand Vertu For €200 Million
    Nokia is reportedly in talks with a private equity group called EQT in an attempt to sell off its independent subsidiary, Vertu. Vertu is an ultra-luxury phone brand operating independently within Nokia that makes high-end phones with stainless steel ...
    06/13/2012 - 1:00 am | View Link
  • Nokia in talks with EQT to sell Vertu
    LONDON, June 13 (Reuters) - Finnish mobile phone maker Nokia is in talks with private equity group EQT to sell its luxury handset subsidiary Vertu for around 200 million euros ($249 million), sources familiar with the matter said on Wednesday. One of the ...
    06/12/2012 - 1:00 pm | View Link
  • Nokia in talks with EQT to sell Vertu: sources
    Finnish mobile phone maker Nokia is in talks with private equity group EQT to sell its luxury handset subsidiary Vertu for around €200 million, sources familiar with the matter said on Wednesday. One of the sources, who declined to be named because talks ...
    06/12/2012 - 1:00 pm | View Link
  • Nokia Looks to Sell Vertu Brand for $265 Million [REPORT]
    Nokia is in advanced talks to sell its UK-based luxury brand Vertu to private equity group Permira, the Financial Times reports citing sources familiar with the matter. If the sale goes through, Nokia might raise some €200 million ($265 million).
    04/30/2012 - 5:43 am | View Link
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    Well, what do I know? Seven years on, Vertu has been a riproaring British success, selling an ever-increasing range of deluxe mobile communications instruments in large numbers around the world - in places like Dubai, Beverly Hills, Singapore, Russia, China, and even in Britain, too.
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  • Nokia
    In 1967, the three companies - Nokia, Kaapelitehdas and Finnish Rubber Works - merged and created the new Nokia Corporation, a new restructured form divided into four major businesses: forestry, cable, rubber and electronics.
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