Nokia puts its plans of selling its luxury handset division, Vertu, on the fast track

After a near miss, Nokia has put its plans of selling its luxury handset division, Vertu, on the fast track, say news reports.

The handset major first announced these plans in December 2011. Nokia was negotiating with private equity group Permira in this context.

Goldman Sachs was reportedly acting as advisor for this transaction. It is believed that Permira failed to make an offer for Vertu, which is why the talks were inconclusive.

Now, it is believed that the company is in the advanced stages of negotiating with private equity group EQT. The deal is reportedly valued at around 200 million euros.