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Prysmian Unit Draka Comteq Sells About 3.7% Of Yangtze Optical Fibre And Cable's Total Share Capital

ReutersApr 14, 2025 12:28 PM

- Prysmian SpA PRY.MI:

  • SELLS 28,246,771 H SHARES IN YANGTZE OPTICAL FIBRE AND CABLE AT PRICE OF HK$ 12.40 PER SHARE

  • SHARES REPRESENTS ABOUT 3.7% OF YANGTZE OPTICAL FIBRE AND CABLE TOTAL SHARE CAPITAL

  • UPON COMPLETION OF PLACEMENT, DRAKA TO REDUCE STAKE TO AROUND 20.0% FROM PREVIOUS 23.7%

  • PLACEMENT AIMED AT INCREASING COMPANY'S FREE FLOAT, ATTRACTING NEW INVESTORS IN THE SHARE CAPITAL

  • DRAKA COMTEQ IS PRYSMIAN'S FULLY OWNED SUBSIDIARY

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