News Digest / Ticker: NEX.PA

Ticker: NEX.PA

05:16am, Monday, Mar 17, 2025

Nexans Shares Rise 1.2% as Company Divests Industrial Cable Division in €525 Million Deal

Nexans (EPA: NEX) shares rose 1.2% after announcing exclusive negotiations to sell its industrial cable division, Lynxeo, for €525 million. This strategic divestment aims to enhance focus on electrification, potentially boosting long-term growth.