MILAN, May 30 (Reuters) - Cable maker Prysmian
will look to organic growth as well as acquisitions to expand,
its chief executive said on Thursday, as it looks to complete a
$4.2-billion deal announced last month.
"We are working on organic growth and also on M&A and a big
one is going to materialise in the U.S.", CEO Massimo Battaini
said during an online event regarding its acquisition of Encore
Wire ( WIRE ).
The U.S. competition watchdog on Wednesday gave its green
light to that deal. Encore has called a shareholder meeting on
June 26 to give final approval to the transaction.
Prysmian expects the acquisition to complete in the second
half of the year.