Prysmian Awarded Eur 50 Mln Chile Cable Contract

Prysmian Awarded Eur 50 Mln Chile Undersea Cable Contract By Telecompaper February 21, 2019 Milan-listed cable maker Prysmian has been awarded new contracts worth around EUR 50 million by Chilean telecommunications firm GTD to develop a 3,550 km-long subsea fibre-optic cable system. The project involves the design, supply and installation of cables stretching from the [...]

2019-02-22T10:42:42-04:00February 21st, 2019|Categories: Future Systems|Tags: , , , |

Prysmian Completes Acquisition of General Cable

Prysmian Completes Acquisition of General Cable Prysmian Group Press Release June 7, 2018 MILAN & HIGHLAND HEIGHTS, Kentucky. - Prysmian Group (BIT: PRY) and General Cable Corporation (NYSE: BGC) today announced that Prysmian has completed its acquisition of General Cable. Pursuant to the terms of the merger agreement entered into among the parties on December [...]

2018-06-07T16:24:00-04:00June 7th, 2018|Categories: State of the Industry|Tags: , |

Prysmian, General Cable Merger Approved By EU

EU Approves Cable Firm Merger By Jonny Bairstow,, Energy Live News May 14, 2018 Italian firm Prysmian is to buy US-based General Cable The EU has approved the acquisition of US-based General Cable by Italian firm Prysmian. Both companies are globally active in the development, manufacturing and supply of cables used in the energy and [...]

2018-05-15T10:10:15-04:00May 15th, 2018|Categories: State of the Industry|Tags: , , , , |

Prysmian Sets Sights On Other M&A Targets

By Francesca Landini, Reuters December 5, 2017 MILAN, Dec 5 (Reuters) - Italian cable maker Prysmian is looking at three more M&A targets, its CEO Valerio Battista said on Tuesday, the day after announcing a $3 billion deal to buy U.S. rival General Cable. The targets are mid-sized groups, one based in Asia, one in [...]

2017-12-05T18:22:15-04:00December 5th, 2017|Categories: State of the Industry|Tags: , , |

Prysmian To Acquire General Cable For USD 3 Billion

By Telecompaper December 4, 2017 Prysmian has agreed to buy rival General Cable for USD 3 billion including debt, creating a new powerhouse in the energy and telecom cable market. The offer of USD 30 per share cash is an 81 percent premium on General Cable's share price in July when the company announced it [...]

2017-12-04T13:17:51-04:00December 4th, 2017|Categories: State of the Industry|Tags: , , , |