Nexans slips after Chile's wealthiest family sells stake

Nexans SA

22/11/2024 08:49

** French cable maker Nexans SA's  NEX.PA  shares slide
around 4% following the sale of a 5% stake by Chile's richest
family
    ** Invexans and Tech Pack, controlled by Chile's wealthy
Luksic family via holding company Quinenco, have completed the
sale of 2.2 million Nexans shares via accelerated book building
offering 
    ** The deal was priced at 102 euros a share, a 6.4% discount
to Nexans Thursday's close of 109 euros
    ** Nexans shares were up 37.5% YTD up to the previous
session's close
        ** After the sale, Invexans will have an about 14.2%
interest in Nexans 
  
        
  

 (Reporting by Leo Marchandon)
 ((Leo.marchandon@thomsonreuters.com))