NKT A/S, via its Czech subsidiary, NKT s.r.o., is part of an ongoing probe by the Antimonopoly Office (AMO) of the Slovak Republic.
In a formal announcement on August 27, NKT confirmed it is part of the investigation into alleged collusion among cable industry players in Slovakia, which the company denies. The AMO’s “Request Before the Issuing of a Decision” alleges possible infringements of Slovak and EU competition law involving a local cable association and 11 cable makers, including NKT s.r.o. Proposed fines are outlined but not finalized, and NKT has contested both the findings and the suggested infringement, stating it will present a reasoned defense.
A final decision from the Slovak authorities is expected within six to 12 months. If upheld, NKT plans to consider all available legal remedies, including appeals in Slovak courts. Meanwhile, NKT s.r.o. is also under investigation by Czech competition authorities, along with five other cable manufacturers, with that review still pending.
