Divestment of NKT Photonics approved by the Danish Business Authority
06 Maggio 2024 - 1:49PM
Divestment of NKT Photonics approved by the Danish Business
Authority
Company Announcement
6 May 2024 Announcement No. 12
Divestment of NKT Photonics approved by the Danish
Business Authority
In company announcement no. 11 of 24 June 2022, NKT A/S
(NKT) announced to have entered into an agreement
to divest NKT Photonics to Photonics Management Europe S.R.L, a
100% owned subsidiary of Hamamatsu Photonics K.K, Japan (the
Purchaser). Closing of the transaction was subject
to regulatory approvals which were obtained from Germany, United
Kingdom, and the United States, however, not approved in Denmark in
May 2023.
In July 2023, the Purchaser refiled its application to have the
transaction approved in Denmark under the Danish Investment
Screening Act (in Danish: Investeringsscreeningsloven).
The Danish Minister for Industry, Business, and Financial
Affairs (in Danish: Erhvervsministeren) has now granted
authorisation to the Purchaser for the transaction to proceed. The
Chair of the Board of Directors, Jens Due Olsen says:- We are
pleased that the approval has been obtained and that NKT Photonics
can now be divested to Hamamatsu. This will maximize the value
creation and position NKT Photonics for long-term growth. For NKT,
the divestment marks the final step in the process to fully focus
the company on our core business within power cable solutions,
where we have announced several investments in the past year to
support the green transition of societies.NKT expects the
transaction to be completed within Q2 2024
Contact
Investor Relations:
Michael Nass
Nielsen, Head of Investor Relations, Tel.: +45 2494
1654Press:
Louise W. Naldal, Head of
Group Communications, Tel: +45 2982 0022
- Company announcement - NKTP - final approval_UK
Grafico Azioni NKT A/S (TG:NKT)
Storico
Da Nov 2024 a Dic 2024
Grafico Azioni NKT A/S (TG:NKT)
Storico
Da Dic 2023 a Dic 2024
