Nexans falls on media report it cancelled Great Sea Interconnector tenders

Nexans SA

09/12/2025 13:05

** Shares in Nexans NEXS.PA fall 8.7%% after a report in Cypriot media it has cancelled tenders linked to the Great Sea Interconnector

** News outlet Philenews reports, citing sources, the French cable maker cancelled the tenders after Cyprus and Greece decided to put under review the electrical interconnection project in November

** Nexans did not immediately respond to Reuters' request for comment

** The EU-funded project, in which Nexans is responsible for manufacturing and installing the submarine cable, aims to deliver up to 2,000 MW of energy to Europe, connecting Greece and Cyprus

** The project has experienced regular delays, also due to a long-standing dispute between Greece and Turkey over the limits of their continental shelves in the Mediterranean Sea

(Reporting by Jerome Terroy and Alessandro Parodi)

((Alessandro.Parodi@thomsonreuters.com;))