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Optical Cable Corporation shares fall 3.23% intraday as Prysmian sells additional 5% stake in Yangtze Optical Fibre and Cable.
ByAinvest
Tuesday, Sep 2, 2025 12:38 pm ET1min read
Optical Cable Corporation declined 3.23% intraday, with Prysmian selling an additional 5% stake in Yangtze Optical Fibre and Cable for EUR186 million, reducing its holding to 5% from 23.7% in April. This divestment is part of Prysmian's exit strategy from China, which has raised over EUR350 million this year to finance the acquisition of US-based Channell.
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