by Mobilemaniac on 30 April, 2012
Nokia, the globally established mobile phone manufacturer is in serious discussion with private equity group ‘Permira’, which intends to take over Nokia’s UK subsidiary Vertu.
If the deal materializes, Nokia, which had suffered dull sale during the last couple of years or so, will get €200 million from it, according to Financial Times.
Those who have been observing the talks for the last few weeks would have learnt that Goldman Sachs, the multi national investment, banking and securities firm, which is reputed for providing a number of services including advice on mergers and acquisitions of establishments, was administering the sale, but the conclusion was not yet revealed.
None from the companies, Vertu and Permira was available for any comment.
EQT, another private equity group from Northern Europe was also in the race for the purchase of Vertu, but reliable sources of the group informed that it has backed out.
Nokia, acclaimed as the best mobile phone provider years ago had indicated its desire for the sale of Vertu during December, 2011. Incidentally, Nokia’s credit rating has been reduced to the status of ‘junk’ by the rating Agency Standard & Poor’s.
Vertu is well known internationally for selling costly hand-made cell phones with crystal displays and sapphire keys. The cost may be enormous because of the incorporation of the precious metals.
Related posts:
Compare Mobile Phone Prices
Nokia N8
- 600 Minutes
- 500 MB
- 24 Months
- Unlimited Texts
- £26.00/Month
Nokia C6
- 300 Minutes
- Unlimited Texts
- 250 MB
- 24 Months
- £20.00/Month
Nokia C7
- 100 Minutes
- 500 Texts
- 250 MB
- 24 Months
- £20.50/Month
Comments
