Cenergy Holdings SA (DE:9CN) has released an update.
Cenergy Holdings has announced the Board of Directors’ final decision to construct a cable manufacturing plant in Baltimore, Maryland, with the initial phase costing about 200 million USD. The plant will support the modernization of the U.S. transmission and distribution network, with the first phase set to start by the year’s end. Meanwhile, potential collaboration discussions with Ørsted for the Skipjack Wind farm have been suspended.
For further insights into DE:9CN stock, check out TipRanks’ Stock Analysis page.
