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PETERKA & PARTNERS represented nkt cables on the divestment

PETERKA & PARTNERS represented nkt cables on the divestment of its automotive cable business and the sale of its plant in Vrchlabí to the Wilms Group

PETERKA & PARTNERS represented nkt cables, a global front-line supplier to the energy sector, with the negotiating and execution of an agreement to divest its automotive cable business, including automotive cables, flexible and special cables and a plant in Vrchlabí, Czech Republic, with approximately 400 employees, to a subsidiary of the German-based Wilms Group. Following the approval of the transaction by the antimonopoly authorities, the transfer was successfully closed with effect as of 30 April 2017.
Zdenek Beranek, Adela Krbcova and Magda Prchalova of the Czech office of PETERKA & PARTNERS provided the legal assistance related to the transaction.

For more information, read the press release at:
http://www.nktcables.com/about-us/news-events/news/news-report/news/nkt-cables-has-closed-the-divestment-of-the-automotive-cable-business-with-wilms-group.html

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