Italy: World’s top cable maker denies French merger pursuit

The world’s largest cable maker, Italy-based Prysmian, is reportedly not pursuing a merger with France-based rival Nexans, according to a source close to Prysmian.

Reports say earlier reports of a possible deal are not true despite an Italian newspaper’s article claiming Prysmian head Valero Battista had raised such a merger possibility at a closed-door meeting.

Since those initial reports, however, industry experts expressed skepticism at the deal as any tie-up would likely face significant antitrust hurdles.

Full content: Reuters

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