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NKT has received a “Request Before the Issuing of a Decision” from the Antimonopoly Office of the Slovak Republic
Globenewswire·2025-08-28 20:09

Core Points - NKT A/S's Czech subsidiary, NKT s.r.o., has received a "Request Before the Issuing of a Decision" from the Antimonopoly Office of the Slovak Republic regarding an investigation into alleged anti-competitive practices in the Slovak cable market [1][2] - The investigation involves a local cable association and 11 cable manufacturers, including NKT s.r.o., with allegations of infringements of Slovak and EU competition rules [2] - NKT contests the findings and proposed fines from the Antimonopoly Office and plans to submit a reasoned defense, expecting a final decision within six to twelve months [3] - NKT s.r.o. is also under investigation by the Office for the Protection of Competition in the Czech Republic alongside five other cable manufacturers [4] - The company emphasizes its commitment to cooperate with authorities and uphold ethical business standards [4] - This announcement does not alter NKT's financial outlook for 2025 [5]