Davis Polk advised NKT A/S in connection with its rights offering relating to 10,744,009 new shares. The offering consisted of a public offering in Denmark and a private placement to institutional investors outside of Denmark, including in the United States. The offering raised gross proceeds of approximately DKK 1.3 billion. The new shares are expected to be admitted to trading and official listing on Nasdaq Copenhagen.
NKT, founded in 1891, is a Danish industrial holding company with interests in power cables and wires as well as optical components, lasers and photonic crystal fibers.
The Davis Polk corporate team included partner Reuven B. Young and associates Alexander W. Simmonds and Despoina Arslanidi. Partner Dan Hirschovits and associate Marcelo Valenca provided English law advice. All members of the Davis Polk team are based in the London office.