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Prysmian exits YOFC stake as markets and geopolitics shift - Sep 16, 2025
As of September 16, today’s news highlights significant developments involving Prysmian as it completed its divestment from YOFC, as well as market movements and geopolitical events. Prysmian, through its fully owned subsidiary Draka, has agreed to sell all its remaining H shares of Yangtze Optical Fibre and Cable Joint Stock Limited Company (YOFC), representing about 5% of the capital, at a price of 47.1 Hong Kong dollars per share. The gross consideration to Draka from the placement amounts to approximately 1.8 Hong Kong billion dollars (equivalent to approximately 193 million euros)…
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