Nexans sells its telecommunications copper cables businesses activity in Spain

  

Paris, June 2, 2008 – Nexans, the worldwide leader in the cable industry, announces having closed the sale of its telecommunications copper cable business activity in Spain (Santander production unit) to the Bristish B3 Cable Solutions, one of the European leading metallic cable manufacturers, for an enterprise value of around 17 million euros. The planned divestiture was previously announced on January 31, 2008 together with the 2007 results announcement.

The Group continues its refocusing on its priority market segments.

In 2007, this business generated sales of 55 million euros at standard copper. This operation will not have a material impact on the 2008 results of the group.

    

Related Document

Your Contact

Angéline Afanoukoe Press relations
Phone +33 1 78 15 04 67
Angeline.afanoukoe@nexans.com
Michel Gédéon Investor Relations
Phone +33 1 78 15 05 41
Michel.Gedeon@nexans.com

Despre Nexans

Nexans este lider mondial in industria cablurilor. Grupul prezinta o gama extinsa de solutii avansate pe cupru si fibra optica, pentru pietele de infrastuctura, industrie si constructii. Sistemele de cablare si cablurile Nexans se regasesc in orice domeniu, de la retele de telecomunicatii si energie, la aeronautica, aerospatiale, automobile, cai ferate, constructii, petrochimie, medicina, diverse aplicatii etc. Nexans opereaza in 39 tari, are circa 22,800 angajati si a avut in 2007 o cifra de afaceri de 7.4 miliarde de Euro. Nexans este listata la bursa dein Paris. Mai multe informatii puteti gasi pe site-ul www.nexans.com