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Nokia completes sale of luxury brand Vertu
Nokia has sold its luxury phone unit Vertu, which makes gold-plated phones, to part of a private equity fund
Nokia has completed the sale of its luxury phone unit Vertu to private equity division EQT VI.
The Finnish operator will retain a 10 percent minority stake in Vertu, which makes gold-plated devices.
Approximately 1,000 employees will be transferred from Nokia to EQT VI because of the transaction, which was originally announced in June.