The two companies are announcing the launch of a complete industrial aluminum recycling solution for the manufacturing of power cables. For the first time in France, cables from the electricity transmission network will be recycled for reuse on RTE's high and extra-high voltage lines.

Nexans has reached a key milestone in the construction of its next-generation cable-laying vessel, Nexans Electra, as the hull arrives at Ulstein Verft in Norway for outfitting. This marks a major step in both shipbuilding and Nexans’ contribution to the green transition.

Nexans announces today the completion of the sale of Lynxeo, its industrial cable division, to Latour Capital, a France-based private equity fund, for an Enterprise Value of €525 million.