The Board of Directors approves Nexans' share buy back program
Paris, September 27, 2001 - Nexans' Board of Directors met today under the chairmanship of Gérard Hauser.
Confident in Nexans' perspectives, the Board approved the launch of a share buy back program up to a maximum of 10% of the Company's capital, in order to optimize the return on shareholders equity.
Formed from Alcatel Cables and Components, Nexans is a worldwide leader in the cable industry. Nexans product portfolio includes an extensive range of cables and systems. Nexans solutions can be found in every area of people's lives, from telecommunications and energy networks, to aeronautics aerospace, automobile, building, petrochemical and medical applications. Operating in 20 countries, Nexans employs 19,000 people and had sales in 2000 of euros 4.8 billion. More information on www.nexans.com