Prysmian jumps after CEO flags renewed appetite for M&A

Prysmian SpA

05/05/2026 11:53

** Shares in Prysmian PRY.MI rise as much as 6.7% to a new record high following comments from CEO Massimo Battaini, who told Bloomberg TV that the Italian cable maker has now the financial strength to look again at potential dealmaking

** "I think in the next 12 months we will again look to disclose to the market good opportunities in the M&A journey (...) Think of something closer to the size of Encore Wire, a four billion dollar acquisition", Battaini said

** Battaini added that while they see the U.S. as the favourite market for M&A deals given higher profitability, they don't exclude opportunities in Europe or Latin America

** In a media call discussing its Q1 results, Battaini said last month the best solution for a dual listing in the U.S. would be to combine it with an M&A deal

** Including Tuesday's rise, the stock is up 52.6% YTD​

 (Reporting by Anna Uras)

 ((Anna.Uras@thomsonreuters.com))