Prysmian sells stake in China cablemaking co to jv partner Baosheng Group

摘要

Prysmian Group has sold its 67% interest in a China-basedcablemaking company to its joint-venture partner in a deal worth300 million yuan ($46 million), the company announced on MondayApril 18.The move comes as Prysmian, the world’s largest cablemaker,pursues an “independent future in utilities and high voltagesystems” in China, the Milan-based cable-maker told investors onMonday.