Fujitsu says in talks to sell mobile phone business to Polaris

TOKYO (Reuters) - Fujitsu Ltd <6702.T> said on Friday it was in talks to sell its mobile phone business to private equity firm Polaris Capital, a deal that the Nikkei newspaper reported could be worth around up to 50 billion yen ($455 million).

The Nikkei reported that an official agreement was expected to be inked by the end of the month.

The Japanese company said in a statement the report was not based on something it had announced and that no decision had been made.

($1 = 109.6800 yen)

(Reporting by Chris Gallagher; Editing by Shri Navaratnam)