MOSCOW, October 24 (RAPSI) – Vertu Russia, a subsidiary of British manufacturer and retailer of luxury mobile phones, has filed a petition for its own bankruptcy with the Moscow Commercial Court, according to court records.

The hearing has been scheduled for November 24.

Shareholders of Vertu Russia are Vertu Corporation Limited (99%), and Vertu Operations Limited (1%).

British company Vertu was established in 1998 as a branch of Finnish mobile phone manufacturer Nokia. In 2012, the company was acquired by Swedish investment firm EQT Partners AB.