Edition:
United States

Prysmian SpA (PRY.MI)

PRY.MI on Milan Stock Exchange

24.43EUR
24 Mar 2017
Change (% chg)

€-0.09 (-0.37%)
Prev Close
€24.52
Open
€24.40
Day's High
€24.54
Day's Low
€24.27
Volume
457,790
Avg. Vol
976,723
52-wk High
€25.50
52-wk Low
€17.87

Latest Key Developments (Source: Significant Developments)

Prysmian CEO says considering M&A options but won't waste money
Wednesday, 1 Mar 2017 01:37pm EST 

Italy's Prysmian Chief Executive Valerio Battista tells a post-results call: group discussing some M&A transactions, but does not want to waste money . group will use 500 million euro raised with equity bond for additional share buy back if no profitable acquisition opportunity arises Further company coverage: [PRY.MI] (Reporting by Milan newsroom).  Full Article

Prysmian CFO says debt will continue to go down, but at slower pace
Wednesday, 1 Mar 2017 12:58pm EST 

Italy's Prysmian Chief Financial Officer Pier Francesco Facchini tells an analyst call: debt will continue to go down but at a slower pace than in the last two years Further company coverage: [PRY.MI] (Reporting by Milan newsroom).  Full Article

Clubtre cut Prysmian stake to 4 pct - filing
Monday, 23 Jan 2017 12:02pm EST 

Prysmian: Clubtre Spa held 4.01 percent of Italian cable maker Prysmian as of Jan. 18, down from a previous stake of 6.12 percent, a filing by market regulator Consob showed Further company coverage: [PRY.MI] (Reporting by Milan newsroom).  Full Article

Tamburi says sold Prysmian stake at 24.40 euros per share
Wednesday, 18 Jan 2017 03:02pm EST 

Prysmian Spa : Tamburi Investment Partners says successfully completed sale of 1.85 percent stake in Prysmian for 97.6 million euros . Transaction was concluded at price of 24.40 euros per share Further company coverage: [PRY.MI] [TIP.MI] (Reporting by Milan newsroom).  Full Article

Tamburi's Clubtre to sell 1.85 pct stake in Prysmian
Wednesday, 18 Jan 2017 12:18pm EST 

Prysmian Spa : Tamburi says its Clubtre unit will sell 4 million shares, or 1.85 percent stake, in the cable maker . Tamburi says shares to be sold in accelerated book building arranged by Morgan Stanley . Tamburi says Clubtre will maintain 4.01 percent stake in Prysmian after placement and will remain single largest shareholder Further company coverage: [PRY.MI] (Reporting by Milan newsroom).  Full Article

Italy's Prysmian to issue 400 mln euro equity-linked bonds
Thursday, 12 Jan 2017 02:27am EST 

Italian cable maker Prysmian says: To issue 400 million euro equity linked bonds . could increase the size up to 500 million euros by exercising an option at the time of pricing. . bonds are being offered only to institutional investors in Italy and abroad . proceeds from the issue will be used to pursue potential external growth opportunities, to fund share repurchases aimed at serving potential conversion rights requirements and/or currency for funding its growth strategy, and general corporate purposes. Further company coverage: [PRY.MI] (Reporting by Milan Newsroom).  Full Article

Italy's Prysmian buys high-voltage assets in China
Friday, 2 Dec 2016 03:19am EST 

Prysmian says: wins a bankruptcy auction for assets of a high-voltage factory in China for a total consideration of around 46 million euros, including taxes . the factory was previously operated by Shen Huan Cable .the acquisition will be carried out by Prysmian Technology Jiangsu, a company wholly owned by Prysmian's holding company in China.  Full Article

Prysmian sees debt at around 650 mln euros by year-end - CFO
Tuesday, 8 Nov 2016 11:45am EST 

Prysmian CFO tells analysts on a conference call: sees debt at around 650 million euros by year-end Further company coverage: [PRY.MI] (Reporting by Milan newsroom).  Full Article

Prysmian CEO says Brexit may have positive consequences
Thursday, 28 Jul 2016 01:32pm EDT 

Prysmian CEO Valerio Battista tells an analyst conference call: Briton's vote to exit the European Union may have positive consequences for company thanks to benign impact from foreign exchange swings . more aggressive competitors in cable sector in Britain are Turkish companies, which could become weaker due to Turkey's situation and Brexit fallout Further company coverage: [PRY.MI] (Reporting by Milan newsroom).  Full Article

Prysmian CFO sees net debt at end-2016 at below 650 mln euros
Thursday, 28 Jul 2016 12:56pm EDT 

Prysmian CFO Pier Francesco Facchini says during an analyst conference call: he sees net debt at end-2016 at below 650 million euros Further company coverage: [PRY.MI] (Reporting by Milan newsroom).  Full Article

More From Around the Web

UPDATE 1-Prysmian weighs M&A options after rise in 2016 earnings

MILAN, March 1 Italian cable maker Prysmian is considering potential acquisitions, but could buy back shares if the opportunities do not come to fruition, its chief executive said on Wednesday.