Nexans acquires Colombian cable maker

Nexans acquires Colombian cable maker

Funds Equity Debt M&A Central America Caribbean Latin America South America France Mexico Capital Markets Project & Infrastructure Finance

French cable manufacturer Nexans said it agreed to spend $225 million to buy Colombia cable maker Cables de Energía y Telecomunicaciones (Centelsa) from Mexican food and energy conglomerate Xignux. "Nexans expects to fund the acquisition with a mix of available cash and debt," the French company said in a press release on Friday. Nexans added that it expects to close the acquisition in the first half of next year, pending regulatory approval. Xignux struck a deal to buy Cali-based Centelsa for a

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial