Nexans strikes $196m Chinese JV deal

Leading cable industry firm, Nexans, have announced its acquisition of a 75 per cent stake in the Shandong Yanggu New Rihui joint-venture in China, alongside its historical shareholder.
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This acquisition gives Nexans a strategic footprint in the rapidly growing Chinese energy infrastructure market.
à‚  Nexans cable
The transaction values the business (100 per cent basis) at approximately 1,240 million RMB ($196m) on an Enterprise Value basis.

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