# EU approves Prysmian acquisition of General Cable

The European Union approved the acquisition of US-based General Cable by Italian firm Prysmian. Both companies manufacture cables for energy and telecommunications industries.

- Type: Acquisition
- Announced: 2018-05-15
- Where: United States
- Value: $3.80B
- Status: announced
- Products: cables for energy and telecommunications, optical fibres, power cables
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Prysmian](https://endata.com/companies/968.md) (acquirer)
- [Atkore](https://endata.com/companies/6959.md) (target)
- [General Cable Corporation](https://endata.com/companies/25611.md) (target)

## Sources

- [subtelforum.com](https://subtelforum.com/prysmian-general-cable-merger/), 2018-05-15: "The EU has approved the acquisition of US-based General Cable by Italian firm Prysmian."
- [business.sherbrookerecord.com](https://business.sherbrookerecord.com/sherbrookerecord/article/accwirecq-2026-10-19-prysmian-completes-atkore-acquisition-to-accelerate-growth-as-an-electrical-solutions-provider), 2018-05-25: "The acquisition of Atkore marks another significant step in our journey to become a global leader in electrification."
- [jp.advfn.com](https://jp.advfn.com/exchanges/BIT/PRY/share-news/77578300/prysmian-and-general-cable-announce-anticipated-cl), 2018-06-02: "Prysmian and General Cable currently expect that the closing of the transaction will occur on June 6, 2018, subject to the satisfaction or waiver of the remaining customary conditions to closing set forth in the merger agreement between the parties."
- [businesswirechina.com](https://www.businesswirechina.com/en/news/37814.html), 2018-06-04: "Prysmian and General Cable currently expect that the closing of the transaction will occur on June 6, 2018, subject to the satisfaction or waiver of the remaining customary conditions to closing set forth in the merger agreement between the parties."
- [saurenergy.com](https://www.saurenergy.com/press-release/bwi/prysmian-and-general-cable-announce-anticipated-closing-date-of-june-6-2018-for-prysmians-acquisition-of-general-cable), 2018-06-07: "Prysmian and General Cable currently expect that the closing of the transaction will occur on June 6, 2018."
- [lexlatin.com](https://lexlatin.com/noticia/prysmian-group-paga-usd-3-000-millones-general-cable-corporation), 2018-06-19: "Prysmian Group paga USD 3.000 millones por General Cable Corporation"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.