Home Business Prysmian: out of court settlement with Goldman for lawsuit in UK

Prysmian: out of court settlement with Goldman for lawsuit in UK

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Prysmian cuts its earnings in Piazza Affari, where it is now showing an increase of 0.3% to 33.5 euros. Under the lens the news reported by “Il Sole 24 Ore”, according to which Goldman Sachs has offered a compensation of 60 million euros to Prysmian to close a case on an alleged cartel in the UK industry. At the time, in 2014, the US investment bank controlled Prysmian. “The news is positive, with a limited quantitative impact, equal to approximately 1% of the market cap”, commented Equita analysts who maintained the hold recommendation and the 35 euro target price on Prysmian.

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