SNR Denton and Clifford Chance (CC) have scored lead roles on a deal that has seen Nokia sell its luxury mobile phone brand Vertu to Swedish private equity house EQT.
October 25, 2012 at 07:03 PM
1 minute read
The original version of this story was published on Legalweek
SNR Denton and Clifford Chance (CC) have scored lead roles on a deal that has seen Nokia sell its luxury mobile phone brand Vertu to Swedish private equity house EQT.
The Finnish mobile communications company will retain a 10% stake in Vertu, its independently managed subsidiary, which was launched in 1998. The deal is reportedly worth around $250m (£155m), although exact financial details were undisclosed.
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