Nicco Corp enters in pact with with Prysmian
Nicco Corporation (Nicco) has entered into definitive agreements with Prysmian (Dutch) Holdings BV. Nicco and Prysmian (Dutch) Holdings BV belonging to the Prysmian group shall jointly participate in a new company called Nicco Cable; where Prysmian (Dutch) Holdings BV shall become the majority shareholder (60%) with the company holding 40%.
Prysmian Group is a world leader in the energy and tele communications cables Industry with strong market position in higher-added value segments. NICCO Cables, will acquire the cable business from the company pursuant to scheme of arrangement / on slump sale basis and shall be the joint venture company.
