A PYMNTS Company

Italy: World’s top cable maker denies French merger pursuit

 |  May 11, 2014

The world’s largest cable maker, Italy-based Prysmian, is reportedly not pursuing a merger with France-based rival Nexans, according to a source close to Prysmian.

Reports say earlier reports of a possible deal are not true despite an Italian newspaper’s article claiming Prysmian head Valero Battista had raised such a merger possibility at a closed-door meeting.

Since those initial reports, however, industry experts expressed skepticism at the deal as any tie-up would likely face significant antitrust hurdles.

Full content: Reuters

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.