iBankCoin
Joined Nov 11, 2007
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Nokia, $NOK, To Sell Luxury Unit Vertu

“(Reuters) – Cellphone maker Nokia 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 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)….”

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