EnergyWatch

US company sells itself at solid premium

Prysmian has taken over a sought-after cable competitor for close to USD 3 billion, thus strengthening its presence on the North American market. 

Photo: Prysmian

Italian cable manufacturer Prysmian is buying General Cable. The deal is expected to be carried out in the third quarter next year, when the necessary authorities have approved it and majority support is secured from the US cable manufacturer's shareholders, announces Prysmian.

"The acquisition of General Cable represents a landmark moment for Prysmian Group and a strategic and unique opportunity to create value for our shareholders and customers," said Valerio Battista, Prysmian Group CEO.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Further reading

Related articles

Latest News

See all jobs