Brief: Prysmian Announces Around 5.0% Sale Of YOFC Outstanding Equity Total Share Capital

Yangtze Optical Fibre and Cable Joint Stock Co

01/09/2025 11:06

Sept 1 (Reuters) - Prysmian SpA PRY.MI:

ANNOUNCES SALE OF 37,595,255 H SHARES OF YOFC, REPRESENTING AROUND 5.0% OF YOFC'S OUTSTANDING EQUITY TOTAL SHARE CAPITAL

GROSS CONSIDERATION TO DRAKA FROM PLACEMENT AMOUNTS TO AROUND HK$ 1.7 BILLION (AROUND EUR 186 MILLION)

SALE AT PRICE OF HK$ 45.25 PER SHARE

AFTER PLACEMENT UNIT DRAKA, WHICH HOLDS AROUND 10.0% OF COMPANY'S TOTAL SHARE CAPITAL, WILL REDUCE ITS STAKE TO AROUND 5.0% IN COMPANY'S TOTAL SHARE CAPITAL

Further company coverage: PRY.MI

 (Gdansk Newsroom)

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