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

  • 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 ...
    06/13/2012 - 5:04 pm | 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 ...
    06/12/2012 - 1:00 pm | View Link
  • Nokia in talks to sell luxury Vertu unit -source
    LONDON (Reuters) - Cellphone maker Nokia NOK1V.HE is in talks to sell its UK luxury subsidiary Vertu, which hand makes some of the world’s most expensive mobile phones, a source familiar with the company’s strategy said on Monday. Earlier the Financial ...
    04/29/2012 - 11:14 pm | View Link
  • Nokia in 'advanced talks' for sale of Vertu: Report
    The Finnish vendor had first spoken about its intention to sell off its Vertu unit back in December. Vertu, which is estimated to have annual revenues in the range of $268-$402 million, makes some of the world’s most expensive cellphones often made of ...
    04/29/2012 - 7:26 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).
    04/29/2012 - 5:43 pm | View Link
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