Sterlite Technologies Limited acquired 100% stake in Mettalurgica Bresciana S.P.A

Mumbai – CFI India is pleased to announce that they acted as corporate finance advisor for Metallurgica Bresciana S.p.A, when Sterlite Technologies Limited acquired 100% stake in the company.

Metallurgica Bresciana S.p.A, part of the group Compagnia Bresciana Investimenti (CBI), design and manufacture special copper and fiber optic cables since 1968. The company offers a broad product range specialized for different market sectors such as railways, telecommunications, oil & gas, industrial automation and military.

Sterlite Technologies Limited manufactures and sells telecom products and solutions in India and internationally. It focuses on providing telecom products and solutions that include integrated optical fiber and other telecom products, such as fiber optical cables, copper telecom cables, structured data cables and access equipment, fiber connectivity and system integration solutions for telecom networks, operations support systems /business support service solutions, and billing and bandwidth management solutions to organizations. The company also engages in the design, engineering, implementation, and maintenance of optical fiber cable networks. It also exports its products and services.

The transaction closed on 6. July 2018.