Report: Nokia Look To Sell Luxury Vertu For $265 Million

London: The biggest company of Mobile NOKIA is look to sell its UK luxury brand Vertu. Nokia Could be sell of its Vertu Brand at long last. Vertu cellphones can feature crystal displays and sapphire keys, which costing more than 200,000 pounds ($320,000) due to precious metal components. Vertu is a luxury brand which sells limited edition devices with prices as high as several hundred thousand dollars.
Financial Times reported that talks with private equity group Permira were at an advanced stage on a possible sale which would raise about 200 million euros ($265 million). 
And its Published on its website on Sunday, cited people familiar with the talks as saying Goldman Sachs was advising on the possible sale, but said the outcome was not yet certain. 

EQT, the Northern European private equity group, has also been in talks about buying the company, although those close to the process, cited by the FT, say that these are not progressing at this stage.

Source: Reuters

No comments

Note: only a member of this blog may post a comment.