Prysmian Unit Draka Comteq Sells About 3.7% Of Yangtze Optical Fibre And Cable's Total Share Capital
ReutersApr 14, 2025 12:28 PM
April 14 (Reuters) - 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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