BlackRock, acting on behalf of clients and funds, reported to the AMF that on February 3 it crossed above the thresholds of 5% of the share capital and voting rights of Nexans, and now holds, on behalf of those clients and funds, 5.09% of the share capital and voting rights of the cable manufacturer.
The American asset management giant specified that this threshold crossing resulted from an acquisition of Nexans shares on the market and an increase in the number of shares held as collateral.
Nexans is a key driver for the world's transition to a more connected and sustainable energy future. For over 120 years, the Group has brought energy to life by providing customers with advanced cable technologies for power and data transmission. Today, Nexans goes beyond cables to offer customers a complete service that leverages digital technology to maximize the performance and efficiency of their critical assets. The Group designs solutions and services along the entire value chain in three main business areas: Building & Territories (including utilities and e-mobility), High Voltage & Projects (covering offshore wind farms, subsea interconnections, land high voltage), and Industry & Solutions (including renewables, transportation, oil and gas, automation, and others).
Nexans employs nearly 28,500 people with an industrial footprint in 41 countries and commercial activities worldwide. In 2024, the Group generated EUR 8.5 billion in net sales.
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