Nexans Not in Talks With CD&R at the Moment: CEO

Nexans isn’t currently in talks with CD&R, CEO Christopher Guerin says in a call with analysts.

• Declines to comment on “market rumors”
  • Nexans to present “ambitious” goals for company at Nov. 13 capital markets day and believes there is more “value to be created,” Guerin says
• Will give update on divestment process of industry and solutions business in coming weeks, Guerin says
• NOTE: Nexans Rejected Offer From CD&R, La Lettre Reports

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Jenny Che in Paris at jche21@bloomberg.net;
Francois de Beaupuy in Paris at fdebeaupuy@bloomberg.net

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