Italy's Prysmian launches €850 million share sale to institutional investors
10/09/2026 17:44
RPT-Italy's Prysmian launches €850 million share sale to institutional investors Repeats to add company code in paragraph 2
Sept 10 (Reuters) - Italian cable maker Prysmian PRY.MI launched on Thursday an accelerated bookbuilding of new shares to institutional investors after approving a capital increase of up to €850 million ($988.04 million) with the exclusion of pre-emptive rights.
The proceeds will be used in part to fund Prysmian's planned $3.8 billion acquisition of electrical products maker Atkore ATKR.N, it said.
($1 = 0.8603 euros)
(Reporting by Anna Peverieri in Barcelona; Editing by Susan Fenton)