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Nokia sells luxury brand Vertu to EQT VI

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Inside an IKEA store in Stockholm, Sweden
Inside an IKEA store in Stockholm, Sweden
Mobile handset firm Nokia on Thursday said it has sold its luxury mobile brand Vertu to private equity firm EQT VI. It did not disclose the amount.The move is a part of Nokia's strategy to dispose of its non-core assets."Nokia has agreed terms for EQT VI, part of the leading private equity group in Northern Europe, to acquire Vertu, the global leader in luxury mobile phones from Nokia," the company said in a statement.Nokia said it w...
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