Mubasher:  Prysmian Group increased its stake in Oman Cables Industry to approximately 51% by buying an additional 16% stake for €100 million, according to Oman News Agency.

The Chief Strategy Officer Fabio Romeo said that the group has more than 130 years of experience and 19,000 employees across 50 countries and 89 plants.

Having achieved sales worth nearly €7 billion in 2014, the Group is strongly positioned in high-tech markets.