_PRESS RELEASE_
Paris, December 12, 2024 - Nexans informs that the Italian Competition Authority (Autorità Garante della Concorrenza e del Mercato) has carried out searches yesterday at Italian subsidiary La Triveneta Cavi, Brendola, Italy site .
The searches are part of an investigation relating to an alleged anticompetitive arrangement among copper cable manufacturers in the Italian low voltage copper cable market.
About Nexans
For over a century, Nexans has played a crucial role in the electrification of the planet and is committed to electrifying the future. With approximately 28,500 people in 41 countries, the Group is paving the way to a new world of safe, sustainable and decarbonized electricity that is accessible to everyone. In 2023, Nexans generated 6.5 billion euros in standard sales. The Group is a leader in the design and manufacturing of cable systems and services across four main business areas: PWR-Transmission, PWR-Grid, PWR-Connect and Industry & Solutions. Nexans was the first company in its industry to create a Foundation supporting sustainable initiatives, bringing access to energy to disadvantaged communities worldwide. The Group is recognized on the CDP Climate Change A List as a global leader on climate action and has committed to Net-Zero emissions by 2050 aligned with the Science Based Targets initiative (SBTi).
Nexans. Electrify the future.
Nexans is listed on Euronext Paris, compartment A.
For more information, please visit www.nexans.com
Contacts:
| Communication
Mael Evin (Havas Paris) Tel. : +33 (0)6 44 12 14 91
| Investor relations
Elodie Robbe-Mouillot Tel.: +33 (0)1 78 15 03 87 |
Attachment
