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Prysmian goes public after denial on upcoming acquisition

Yesterday evening a spokesman announced that "there are no negotiations in progress with General Cable" - Some press rumors had spoken of preliminary talks with the advisors for the possible purchase of the US competitor.

Prysmian goes public after denial on upcoming acquisition

The Prysmian stock on the Stock Exchange is in the spotlight, gaining around 3% today at the start of the session, to 18,63 euros, achieving the best rise of the Ftse Mib. 

The purchases on the shares of the cable and optical fiber manufacturer were triggered by the words spoken last night by a spokesperson: "As part of its growth strategy - he said -, Prysmian is evaluating all opportunities, but there are no negotiations in progress with General Cable". 

The company thus responded to some press rumors that spoke of preliminary talks with the advisors for the possible purchase of the US competitor.

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