Neo Industrial subsidiary awarded EUR20m underground cable contract.
NORDIC BUSINESS REPORT-July 25, 2019-Neo Industrial subsidiary awarded EUR20m underground cable contract
(C)2019 M2 COMMUNICATIONS http://www.m2.com
Finnish investment company Neo Industrial Oyj (HEL:NEO1V) announced on Wednesday that its subsidiary, Reka Cables Ltd, is one of two companies to win a substantial contract for underground power cables.
Reportedly, the total value of Reka Cables' share of the contract is approximately EUR20m.
Deliveries under the contract will be made during 2020-2021.
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