Prysmian to acquire 60% stake in Nicco Corporation's cable business

Prysmian Cables & Systems entered into a definitive agreement with Indian Nicco Corporation to form a joint venture company, Nicco Cables Ltd., in which Prysmian will hold a 60% majority stake. Prysmian's total investment is approximately €24 million, and the new company will acquire all of Nicco Corporation's cable activities.

“Prysmian will be the majority shareholder of the new Company, named Nicco Cables Ltd, with a stake of 60% (Nicco Corporation will own the remaining 40%).”cabledatasheet.com

• 1 source
• cabledatasheet.comPrysmian entered into a definitive agreement with Indian Nicco Corporation for a majority stake of a new JV Cable Company. | Prysmian | CableDataSheetDec 22, 2023

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