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Nokia Oyj Sells Vertu Luxury Unit To EQT-DJ


Thursday, 14 Jun 2012 03:27am EDT 

Dow Jones reported that Nokia Oyj is selling its Vertu luxury handset business to private equity firm EQT, in a bid to raise cash. The sale is expected to close in the second half of 2012, follows an ongoing strategic review of non-core assets that could include further divestments of other assets. Nokia said it would retain a minority shareholding of 10% in Vertu, leaving EQT's VI fund with a 90% ownership. Terms of the deal weren't disclosed. 

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18 Jun 2013