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    Brief: Nexans To Negotiate Sale of Lynxeo With Latour Capital For EUR 525 Mln

    Picture of Nexans SA logoNexans SA
    17/03/2025 07:45
    March 17 (Reuters) - Nexans SA NEXS.PA:

REG-NEXANS ENTERS INTO EXCLUSIVE NEGOTIATIONS WITH LATOUR CAPITAL FOR THE SALE OF LYNXEO

SALE OF LYNXEO FOR €525 MILLION, SUBJECT TO CUSTOMARY APPROVALS

TRANSACTION CLOSING EXPECTED IN SECOND HALF OF 2025

TRANSACTION WOULD MARK NEXANS' EXIT FROM SPECIALTY INDUSTRIAL CABLES ACTIVITY IN LINE WITH ITS STRATEGY TO REFOCUS AS A PURE ELECTRIFICATION PLAYER

Source text: ID:nGNE8qQqGn

Further company coverage: NEXS.PA

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))

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