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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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.
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.
