EnergyWatch

Costly dispute impedes Nordic asset manager in Danish industry venture

Bladt Industries is engaged in arbitration concerning an order worth a total DKK 1.2 billion (EUR 161 million). The legal battle complicates a potential exit for asset manager Nordic Capital.

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Danish Bladt Industries has ended up in a major financial battle which could prove quite costly and which complicates any potential sale of the company for its owner; asset manager Nordic Capital.

According to Finans' information, Bladt Industries has been embroiled in a disagreement with a customer since 2014, concerning the total billing for the construction of 41 very large steel foundations for the offshore wind farm Baltic 2 in the Baltic.

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