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Prysmian to cut debt before more M&A, pays out EUR 0.43 dividend

Thursday 6 June 2019 | 09:03 CET | News
Milan-listed cable maker Prysmian intends to pause any further M&A activity such as last year's acquisition of General Cable until it cuts its debt to around one time its core earnings, said CEO Valerio Battista. The company currently has a has a debt of around 2.5 times its EBITDA and could sell small and non-core assets to accelerate debt reduction, said Battista at the sidelines of the AGM, according to Reuters.

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Categories: Fixed
Companies: Prysmian
Countries: Italy / World
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