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banks. This is a long-term agreement (maturing on 31
December 2014), negotiated in advance of its period of use,
under which the lenders would provide Prysmian S.p.A. and
some of its subsidiaries loans and credit facilities for a total
of Euro 1,070 million (of which Term Loan Facility Euro 320
million provided to Prysmian S.p.A.).
On 1 June 2012, the Company acquired a 0.01% interest in
Prysmian Surflex Umbilicais e Tubos Flexiveis do Brasil Ltda
from its subsidiary Prysmian Cavi e Sistemi S.r.l..
With effect from 1 October 2012, Prysmian S.p.A. received
through spin-off:
- from the subsidiary Prysmian Cavi e Sistemi S.r.l., the
interests in Prysmian Cavi e Sistemi Italia S.r.l. (100%),
Prysmian PowerLink S.r.l. (84.8%), Prysmian Treasury S.r.l.
(100%) and Fibre Ottiche Sud – F.O.S. S.r.l. (100%);
- from the subsidiary Prysmian Cavi e Sistemi Italia S.r.l., a
minority interest in Prysmian PowerLink S.r.l. (15.2%).
On 30 November 2012, the Company made capital
contributions to the subsidiary Draka Holding N.V. for Euro
230,000 thousand, to the subsidiary Prysmian Treasury S.r.l.
for Euro 12,000 thousand and to the subsidiary Fibre Ottiche
Sud – F.O.S. S.r.l. for Euro 12,000 thousand.
With reference to the business outlook, please refer to the
Directors’ Report contained in the Group Annual Report.
