Nexans
Relevant Information
As of December 31, 2022
- Quiñenco's interest: 29,0%
- Book value of investment: Ch$444,048 million
- Investment since: 2008
- Employees: 27,932
Address
- Immeuble Le Vinci, 4 Allee De L’arche 92070, París, La Défense, Francia.
- Telephone: (33) 1 78 15 00 00
- www.nexans.com
The French multinational Nexans is one of the largest cable producers in the world, with operations in 42 countries. As of December 31, 2022, Quiñenco held an indirect interest of 29.0%, making it a long-term, reference shareholder.
Its investment in the French multinational dates back to 2008. Since then, and given its firm conviction in Nexans' business, Quiñenco has focused on consolidating its interest and contributing to the company’s development and growth. In April 2023, Invexans Limited, an indirect subsidiary of Quiñenco, adjusted its interest in Nexans, reducing Quiñenco’s stake in the French multinational to 19.2%, while maintaining its position as a reference shareholder with active participation on its board of directors.
Nexans is one of the leading players in the global cable industry, and in recent years its development strategy has evolved towards positioning itself as a global electrification benchmark, along with continuing to produce high value-added products and promote research and development in the industry.
The French company employs nearly 28,000 people worldwide and reported consolidated sales of €8,369 million in 2022.
Quiñenco is represented by three members on Nexans' board and also participates in its three directors’ committees: Compensation, Appointments and Corporate Governance Committee; Strategy and Sustainable Development Committee; and Accounting, Audit and Risk Committee.
Nexans shares are traded on Euronext Paris.
Highlights
in million of euros as of December 31 of each year| 2021 | 2022 | |
| Sales | 7,374 | 8,369 |
| Operating income | 299 | 420 |
| Net income attributable to owners of the controller | 164 | 245 |
| Total assets | 5,587 | 6,402 |
| Total liabilities | 3,522 | 4,735 |
| Shareholders' equity attributable to owners of the controller | 1,447 | 1,652 |