Denmark's NKT sells China cables business to local GP
CAC Capital Management, a China-based private equity firm, has agreed to buy the local power cables business of Denmark-headquartered industrial conglomerate NKT for an enterprise value of EUR14.3 million ($16 million).
The acquisition will be made by Srising Technology, a rail industry supplier wholly-owned by CAC. NKT's China business comprises two plants that produce high-voltage cables and accessories used to power...
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