Targets will have EV of roughly 500 mln eur (Il Sole 24 Ore Radiocor) - Milan , 27 Jun - Italian energy and telecommunications cable manufacturer Prysmian expects to carry out M&A in the next 30 months involving mid-sized targets with an enterprise value of roughly 500 million euros, said CEO Massimo Battaini on the sidelines of an event in Milan.

"We will carry out targeted acquisitions with the objective of reinforcing our leadership in a market or entering with our portfolio in a new or complementary market," Battaini said.

Prysmian's latest acquisition is that of Encore Wire, which is set to close on July 2. With that deal, Prysmian's debt rises to about 5 billion euros, Battaini added.

AAA-Hob

(RADIOCOR) 27-06-24 12:32:28 (0327) 5 NNNN