PRYSMIAN HUNTS €4B ACQUISITION TARGET

Battaini told Bloomberg TV that potential targets would be comparable in size to Encore Wire, which Prysmian acquired in 2024. The €4 billion enterprise value range reflects the company's appetite for mid-sized cable and infrastructure assets. The announcement signals Prysmian's confidence in the market amid growing demand from major cloud and data center operators. Hyperscalers including Amazon, Microsoft, and Google are expanding infrastructure spending, driving opportunities for cable suppliers. Prysmian shares rose on the M&A comments, reflecting investor optimism about growth prospects. The company is positioning itself to capitalize on the digital infrastructure boom, which continues to reshape the cable and connectivity sector globally. The Italian manufacturer remains one of Europe's largest cable producers, with operations spanning power, telecom, and industrial markets.