Nordic Business Report-September 18, 2006-nkt cables acquires outstanding shares of Czech subsidiary
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The Danish technology group NKT Holding A/S said on Monday (18 September) that its business nkt cables has acquired the outstanding 23% of the shares of Czech cable company nkt cables sro.
The shares were acquired from IO-fonden, the Danish investment fund for Central and Eastern Europe, for DKK58m.
After the transaction nkt cables sro is wholly-owned by nkt cables.
nkt cables sro, based in Kladno, focuses on low voltage cables. It has 400 employees and an annual turnover of DKK1.3bn.
One Danish krone (DKK) is worth approximately 0.09 British pounds (GBP).
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