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Draka goes on sale - report

Thursday 14 October 2010 | 10:48 CET | News
Dutch cable producer Draka's majority shareholder Flint Management wants to sell its 43.9 percent stake in the company and has instructed the Lazard Bank to look at opportunities, the Financieele Dagblad reported. Flint is owned by the Fentener family. The Dutch daily said sources pointed to French cable manufacturer Nexans as a potential buyer, with Italian rival Prysmian also in the picture. Draka and Prysmian ended merger talks last year after many months of negotiating.

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Categories: Fixed
Companies: Draka / Lazard / Prysmian
Countries: Netherlands / World
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