News

28
Mar

Nexans and Madeco sign an agreement to strengthen Madeco´s position as the principal shareholder of Nexans.

Madeco, subsidiary of Quiñenco, agrees with Nexans an option to increase its shareholding interest in the company to 20%:

  • The signing of the agreement also means the inclusion of a second representative of Madeco on the board of Nexans with effect from May 31.
  • As soon as Madeco achieves a shareholding interest of 15% of Nexans, it can name a third member of the board and a representative on the Finance and Audit Committee.

For more details, please download the PDF File:

Download Information | Click Here to Download Agreement File.

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