Nexans is in exclusive negotiations to sell its industrial cable division, Lynxeo, to France-based private equity fund
- “This proposed transaction would mark Nexans’ exit from the specialty industrial cables activity in line with its strategy to refocus as a pure electrification player,” Nexans says in statement Monday
- Closing of proposed transaction could take place in 2H
- JP Morgan Securities Plc is acting as exclusive financial adviser to Nexans; Bredin Prat is acting as legal counsel
- NOTE:
Nexans Announces Business Separation of Lynxeo Division
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