Prysmian CEO says Draka deal important for EU-paper

Newswire

* CEO: hopes EU, Italian politicians monitor Xinmao interest * Worried Draka optical fibre technology moves to China * Prysmian looking at other growth opportunities MILAN, Nov 27 (Reuters) - A successful bid by China's Xinmao for Dutch cable Draka could deprive Europe of key optical fibre technology, the CEO of Italian rival bidder Prysmian SpA was quoted as saying on Saturday. Prysmian Chief Executive Valerio Battista told Il Sole 24 Ore that a Draka takeover is important not only ...

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