(Il Sole 24 Ore Radiocor) - Milano, 11 set - The Italian telecoms and energy cable group Prysmian said it has successfully completed the placement of 850 million euros in newly issued shares via means of an accelerated bookbuilding offering reserved for qualified and institutional investors.

Based on demand, Prysmian said the offer price has been set at 121.00 euros per share. On the basis of the offer price, the number of new shares resulting from the placement has been determined at 7,024,793, or about 2.40% of the company's issued share capital pre-increase.

Net proceeds from the capital increase will be used to partially fund the acquisition of US electrical solutions company Atkore announced on August 3. Prysmian is buying Atkore in an all-cash transacton for 95.00 dollars per share, representing an implied enterprise value of about 3.8 billion.

dollars.

(RADIOCOR) 11-09-26 10:21:05 (0227) 5 NNNN