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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.
| 4 Oct 2016 |
| nkt cables divests Automotive cable business to Wilms Group | 3 Oct 2016 |
| NKT Cables divests its APAC operations to focus on core businesses | 29 Sept 2016 |
| Transactions in connection with share buyback programme week 38 | 22 Sept 2016 |
| Intention to split NKT Holding into two listed companies. NKT Cables to acquire ABB’s high-voltage cables business | 21 Sept 2016 |