Prysmian rises 3% after capital raise, copper slips - 11 Sep 2026

Prysmian Daily News Update · Sep 11, 2026 · 3m

As of September 11, today’s news sees Prysmian's successful capital increase to fund its acquisition of Atkore and significant movements in the metals market, particularly regarding copper prices. Prysmian raised approximately 850 million euros through the sale of 7 million newly issued shares at 121 euros each to partially finance its 3.8 billion dollars acquisition of Atkore, the company said in a statement. Following the announcement, Prysmian’s stock rose by 2.95%, reflecting market confidence in the acquisition and the company's growth strategy. Meanwhile, Chancellor Friedrich Merz is…