Nexans sells its residual interest in the European winding wire sector
Paris, June 28, 2007 - Nexans, the worldwide leader in the cable industry, has announced the sale to Superior Essex of its 40% minority interest in Essex Nexans, a joint venture created in October 2005, which merged Superior Essex and Nexans European winding wires activities.
This operation completes Nexans’ withdrawal from the European winding wire sector.
With energy as the basis of its development, Nexans, the worldwide leader in the cable industry, offers an extensive range of cables and cabling systems. The Group is a global player in the infrastructure, industry and building markets. Nexans addresses a series of market segments from energy, transport and telecom networks to shipbuilding, oil and gas, nuclear, automotive, electronics, aeronautics, handling and automation. With an industrial presence in more than 30 countries and commercial activities worldwide, Nexans employs 21,000 people and had sales in 2006 of 7.5 billion euros. Nexans is listed on the Paris stock exchange, compartment A of the Eurolist of Euronext. More information on www.nexans.com