Quiñenco Reduces Stake in Nexans for Strategic Investments

Quiñenco, the publicly traded holding company of Chile's wealthiest family, is further decreasing its ownership in the French cable manufacturer Nexans. Bloomberg posted on X that the move aims to generate capital for new strategic investments. This decision aligns with Quiñenco's ongoing strategy to diversify its investment portfolio and explore new opportunities in various sectors. The company has been gradually selling its shares in Nexans to reallocate resources towards ventures that promise growth and innovation. This shift reflects a broader trend among holding companies seeking to optimize their asset distribution in response to evolving market conditions.