Nexans S.A. (ENXTPA:NEX) entered into a share purchase agreement to acquire CENTELSA Cables de Energía y Telecomunicaciones S.A. from Xignux, S.A. de C.V. for an enterprise value of approximately $230 million on September 10, 2021. The transaction shall be funded with a mix of available cash and debt. In 2020, CENTELSA reported a total revenues of $250 million.

Closing of the Transaction is subject to regulatory approvals and is expected to take place in the first half of 2022. Gómez-Pinzón Zuleta Abogados S.A. and Estrategias Corporativas S.A. acted as legal and financial advisors to Nexans S.A. respectively. The transaction is expected to be accretive to earnings in the immediate aftermath of the acquisition for Nexans S.A. As of March 21, 2022.

Nexans SA (Euronext Paris: NEX) announced that it has received antitrust clearance from Superintendencia de Industria y Comercio (“SIC”) of Colombia,