Italy's Prysmian sells part of stake in YOFC to help fund acquisition of US group Channell
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 14 2025
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Should l Buy ?
Source: Reuters
Prysmian's Stake Sale: Italy's Prysmian sold a 3.7% stake in Yangtze Optical Fibre and Cable for approximately HK$350.2 million to fund its $1.15 billion acquisition of U.S. group Channell.
Future Disposals Possible: A spokesperson indicated that further disposals of Prysmian's shares in YOFC could occur, emphasizing the sale's role in minimizing treasury share usage for the acquisition.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
