White & Case advises Nexans on acquisition of Reka Cables from Reka Industrial
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Global law firm White & Case LLP has advised global cable manufacturing company Nexans SA on its acquisition of Reka Cables Ltd from Reka Industrial Plc.
The acquisition will strengthen Nexans' position in the Nordics notably in electricity distribution and usage. Completion of the transaction is subject to customary regulatory approvals.
Listed on Euronext Paris, Nexans designs and manufactures cable systems, operating in 42 countries with 25,000 employees. In 2021, the company generated €6.1 billion in standard sales.
Founded in 1961, Reka Cables is active in the manufacturing of low and medium voltage cables. It has 270 employees and a turnover expected to exceed €160 million in 2022.
The White & Case team which advised on the transaction was led by partner Timo Airisto (Helsinki) and included partners Mark Gidley (Washington, DC), Mark Powell (Brussels, London), and Marc Israel (London), and associates Asta Tukiainen (London), Samuel Salmivirta, Satu Lindvall, Liselotte Grönlund (all Helsinki), Heather Greenfield (Washington, DC), Martina Castrén, Daniel North (Brussels) and Alexis Ko (New York).
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