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EuroWire – January 2011

20

corporate news

Nexans has obtained the commitment

of Flint Beheer BV, subject to certain

conditions, to tender its shares of Draka

Holding NV if Nexans makes an offer to

acquire Draka Holding NV.

Nexans has agreed to make a proposal

to Draka Holding NV to negotiate an

agreement for a recommended cash

offer to purchase all of the outstanding

ordinary shares of Draka Holding NV at a

price of €15 per share, subject to certain

conditions.

Frédéric Vincent, chief executive officer

of Nexans, said: “The contemplated

transaction would contribute to the

consolidation of the cable sector, improve

the competitiveness of Nexans’ European

asset base and reinforce its positions in

specialty cables.”

Nexans intends to begin negotiations with

Draka Holding NV with a view to reaching

an agreement as soon as possible.

However, asset manager Ed Manie at

Keijser Capital said that Nexans’ offer for

Draka Holding NV could prove to be a

hostile opening bid that could trigger a

bidding war between Nexans and Italian

rival Prysmian.

While Draka’s big shareholder Flint Beheer,

which owns 48.48% of the company’s

shares, has backed Nexans’ offer, Manie

believes that the remaining shareholders

will await to see the further developments

around the proposed acquisition.

Draka and Prysmian cancelled last year’s

merger talks as they could not agree on

the major conditions of the deal.

Nexans – France

Fax

: +33 15669 8484

Email

:

nexans.web@nexans.com

Website

:

www.nexans.com

Draka Holding NV – The Netherlands

Website

:

www.draka.com

Nexans in discussions

with Draka Holding NV

The Wire Association International (WAI)

has announced its first Global Continuous

Casting Forum for copper practitioners,

to take place at Interwire, Atlanta, from

2

nd

-5

th

May.

A total of 33 industry experts will lead the

forum, which will comprise technical and

operational presentations, interactive

workshops and panel discussions, and will

serve as a user’s group for all operations

personnel

involved

with

copper

continuous casting.

Forum topics will include:

• Historical information on copper,

continuous casting, wiredrawing and the

vertical shaft furnace

• Process overviews by Properzi, SCR,

Contirod, and Upcast OY

• New technologies: descaling; degassing;

rod testing; scrap processing

• New refractory materials and installation

practices

• Baghouses: design; fires investigation

• Filtration: molten metal; caster and

process water

• Shaft furnace burner combustion ratios

and dissolved oxygen

• Cathode impurities and rod quality

• Wire break analysis and copper fines

generation

• Preventive maintenance: electronic

drives; hardware and software solutions

Registration is $395 for WAI members;

$495 for non-members. The fee includes

access to Interwire 2011 exhibits,

technical programme and the opening

reception.

Wire Association International Inc –

USA

Fax

: +1 203 453 8384

Website

:

www.wirenet.org

First continuous casting forum

Alcan Cable, a business of Rio Tinto, has

obtained the ISO 9000 international

quality management system standard

certification for its manufacturing facility

in Tianjin, China.

The ISO 9000 quality management system

places primary emphasis on prevention,

process control, and implementation

of procedural management in every

quality activity. “Achieving the ISO 9000

certification at our Tianjin manufacturing

facility represents an important milestone

in solidifying our market position in

China,” said Jack Miller, president, Alcan

Cable.

Alcan Cable – USA

Email

:

info@cable.alcan.com

Website

:

www.cable.alcan.com

Alcan Cable achieves ISO 9000