NKT completes offering of shares of DKK 1.4bn
12 October 2016
NKT has completed an offering of shares in the company through an accelerated bookbuilding process. Plesner advised the banks responsible for the offering process: Danske Bank, J.P. Morgan Securities and Nordea Markets.
The shares that were offered for sale were a combination of newly issued shares and existing (treasury) shares in NKT. A total of 2,437,348 new shares were issued and 947,889 existing NKT shares were sold, generating gross proceeds of about DKK 1.4bn for NKT.
The offering was over-subscribed several times by Danish and international institutional investors.
The share offering is to fund the expected acquisition of the company ABB HV Cables that was recently announced.
The offering was over-subscribed several times by Danish and international institutional investors.
The share offering is to fund the expected acquisition of the company ABB HV Cables that was recently announced.
