Nokia In Talks With EQT To Sell Vertu As Soon As This Week

Posted on Jun 13 2012 - 1:54pm by Editorial Staff

As expected, Nokia is in talks with private equity group EQT to sell its subsidiary Vertu for about 200 million euros (about $249 million)and most fascinating is that the deal could close as soon as this week, Reuters reports. The publication citing “one of the sources,” also said that the deal could fall also through as there are difficulty of carving the unit out of Nokia. Another private equity group, Permira had previously been in talks to buy Vertu but did not make an offer.

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