Latest / Prysmian Daily News Update
Prysmian cuts YOFC stake, eyes strong Q2 growth - Jul 24, 2025
As of July 24, today’s news features Prysmian's stake sale in YOFC, alongside developments in the energy and commodities markets. Prysmian has announced the sale of approximately 5% of its stake in Yangtze Optical Fibre and Cable Joint Stock Limited Company (YOFC) for 19.50 Hong Kong dollars per share via its subsidiary Draka Comteq BV, generating around about 79 million euros. This transaction reduces Prysmian's ownership in YOFC to approximately 10% and includes a 60-day lock-up period for the remaining shares post-placement. Furthermore, analysts' estimates ahead of Prysmian's upcoming…
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