France - Madeco increases stake in Nexans - 0 views
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Panos Kotseras on 31 Mar 11Nexans announced that Madeco, its main shareholder, will increase its holding position from 9% to 20%. The French cable maker commented that the agreement reflects the shared views of the two companies. Nexans wishes to have the support of a long-term reliable partner for its growth. In addition, Madeco intends to invest in a promising sector through a reliable downstream company.