Nexans Could Be Next?
It would appear that the cable area is something of a live wire at the moment in terms of both newsflow and M&A. This is said particulary in the wake of the Prysmian – General Cable deal, and the way that the EU anti-trust (anti-business / anticapitalism) brigade have set a date of May 8 by which time we shall know whether the $3bn affair will go through. In the meantime it could be that some opportunistic buying in the sector takes place, with Nexans of France allegedly being in the sights of one of the private equity giants. KKR is particularly in the frame.