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Prysmian Group To Become Majority Shareholder In Oman Cables Industry

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With A Turnover Of $ 793m Oman Cables Is A Top Cable Manufacturer In The Gulf AreaMilan, 16 December 2015. Prysmian Group, world leader in the energy and telecom cable systems industry, has signed an agreement to increase its stake in Oman Cables Industry to approximately 51%, thus gaining majority stake. According to the terms of the agreement, Prysmian Group, which already own a 34.78% stake in the company, will purchase an additional approximately 16%,... Source: RealWire

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