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Prysmian buys up in China

Cable producer Prysmian, headquartered in Milan, has won a bankruptcy auction for certain assets of a cable factory in China.

Photo: Global Tech

Italy's Prysmian Group won a bankruptcy auction for selected assets from a high voltage factory formerly operated by Shen Huan Cable Technologies, for a value of about RMB 305 million (EUR 42 million).

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