Top Milan-based mutlinational fiber
optic cable maker Prysmian sad Tuesday it had reached an
agreement for the acquisition of Channell Commercial
Corporation, a leading provider of integrated solutions in the
connectivity sector in the United States, for a consideration of
950 million, subject to adjustments, in addition to a potential
additional consideration, linked to the achievement by Channell
of certain EBITDA objectives for the year 2025, equal to an
amount that could reach up to 200 million.
The acquisition, Prysmian's first large transaction in the
Digital Solutions business, will be financed by a mix of debt
and equity, including hybrid bonds and the sale of treasury
shares.
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