Press Release: Mergers: Commission clears Prysmian’s proposed acquisition of rival cable maker Draka Holding

The European Commission has approved under the EU Merger Regulation the proposed acquisition of the Dutch cable manufacturer Draka Holding by Italy's Prysmian SpA, another cable manufacturer. The Commission's investigation has shown that the merged entity will continue to face effective competition in the production of optical fibre cables and general wiring despite becoming the European leader in the markets concerned.