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Danish cable maker NKT A/S has been selected as the preferred bidder for a major power cable project connecting Scotland and England, a significant win that comes as the company faces antitrust scrutiny in Eastern Europe.
NKT A/S said Wednesday it has won a contract worth around 650 million euros to supply power cables for a major renewable energy project in Denmark, a significant win for the company as it faces antitrust scrutiny in Eastern Europe.
Danish cable maker NKT said Thursday its Czech subsidiary is under investigation by Slovakia's antimonopoly office for alleged anti-competitive practices in the country's cable market.
NKT A/S raised its full-year 2025 financial outlook on Thursday, citing strong performance driven by high demand for power cables used in renewable energy projects.
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