nkt cables to acquire ABB HV Cables for EUR 712 million

nkt cables has entered into a purchase agreement to acquire ABB HV Cables from ABB Group at an enterprise value of EUR 712 million (DKK 5.3 billion), plus EUR 124 million for a committed cable-laying vessel.

“nkt cables has entered into a purchase agreement to acquire ABB HV Cables, a wholly owned business of the ABB Group, at an enterprise value of EUR 712m (DKK 5.3bn).”w3.windfair.net

• 1 source
• w3.windfair.netNewsarchive - NKT GmbH | windfairDec 16, 2016

Summarized from public sources; check the original articles before acting on it.