Prysmian General Cable Acquisition Receives Final Clearance
Prysmian Group has secured approval from the Committee on Foreign Investment in the United States (CFIUS), clearing the final regulatory hurdle for the Prysmian General Cable acquisition of U.S.-based General Cable Corporation.
The approval marks a key milestone in Prysmian’s strategic expansion in North America. You can learn more about the companies on their official websites: https://www.prysmian.com and https://www.generalcable.com.
$3 Billion Deal Nears Completion
According to the official press release, CFIUS approval represents the final authorization required for the $3 billion acquisition. Prysmian now moves toward closing the transaction, which remains subject to standard closing conditions outlined in the merger agreement.
Closing Date Set for June 6
Prysmian expects to finalize the acquisition on June 6, provided both parties satisfy or waive the remaining customary conditions. Once completed, the deal will strengthen Prysmian’s position in the global cable and energy solutions market.
