Who Owns Prysmian Company?

Prysmian Bundle

Get Full Bundle:

	5 FORCES	$15	$10
	BCG	$15	$10
	CANVAS	$15	$10
	4P's MIX	$15	$10
	PESTLE	$15	$10
	SWOT	$15	$10

TOTAL:

ADD TO CART

Who Owns Prysmian Group?

Understanding a company's ownership is key to its strategy and accountability. Prysmian Group, a leader in cable systems, became independent after spinning off from Pirelli in 2005 and its IPO in 2007.

Prysmian, founded in 1879 as Pirelli Cavi e Sistemi, is now a global force in energy and telecom cables. Operating in over 50 countries with 107 plants and more than 33,000 employees by the end of 2024, its current structure reflects a 100% free float, with institutional investors holding around 80% of its capital.

The company's journey from its origins within Pirelli to its current independent status highlights significant shifts in its governance and market presence. This evolution is crucial for grasping Prysmian's direction, especially as it plays a vital role in the energy transition and digital transformation, offering solutions like those analyzed in a Prysmian Porter's Five Forces Analysis.

The origins of Prysmian trace back to 1879 with the establishment of Pirelli Cavi e Sistemi, which operated as a division of the Pirelli Group for over a century. While specific founder ownership details are scarce, the entity was under the indirect control of The Goldman Sachs Group Inc. by 2005.

Pirelli Cavi e Sistemi's Legacy

For more than 100 years, the cable-making operations were an integral part of the larger Pirelli Group. This long-standing relationship laid the foundation for the future independent entity.

Goldman Sachs Acquisition

In 2005, a pivotal transaction occurred when Pirelli sold its cable-making unit to Goldman Sachs Capital Partners. This deal was valued at €1.3 billion, which included €690 million in debt.

Birth of Prysmian

The acquisition, finalized on July 28, 2005, marked the official transition of the business into an independent company. It was subsequently renamed 'Prysmian Cables and Systems'.

Leadership Transition

Valerio Battista assumed leadership of the newly formed company in 2005. He played a crucial role in guiding the organization through its initial phase as a standalone entity.

Shift in Ownership Structure

This divestiture from Pirelli and acquisition by a private equity fund fundamentally altered the ownership landscape. It transitioned the business from a division within a conglomerate to a private equity-backed enterprise.

Early Ownership Dynamics

The early ownership of Prysmian was characterized by its private equity backing following the sale. This marked a significant departure from its historical ties to the Pirelli Group.

The sale of the cable-making unit by Pirelli to Goldman Sachs Capital Partners in 2005 was a transformative event, establishing Prysmian as an independent entity. This strategic move by Goldman Sachs Capital Partners, a prominent buyout fund, reshaped the company's ownership structure, moving it away from being a subsidiary of a larger industrial group to a company under private equity ownership, a key factor in understanding Prysmian ownership. This period also saw the company's rebranding to 'Prysmian Cables and Systems,' signifying its new independent identity and strategic direction, which is relevant when considering the Target Market of Prysmian.

Key Ownership Milestones

The journey from a Pirelli division to an independent company involved significant ownership changes. The acquisition by Goldman Sachs Capital Partners in 2005 was the primary catalyst for this transformation.

• Pirelli Cavi e Sistemi established in 1879.
• Operated as part of Pirelli Group for over a century.
• Acquired by Goldman Sachs Capital Partners in 2005 for €1.3 billion.
• Renamed 'Prysmian Cables and Systems' post-acquisition.
• Valerio Battista led the company from 2005.

Prysmian SWOT Analysis

• Complete SWOT Breakdown
• Fully Customizable
• Editable in Excel & Word
• Professional Formatting
• Investor-Ready Format

GET TEMPLATE ➔

Prysmian's journey to its current ownership structure began with its acquisition by Goldman Sachs Capital Partners in 2005, leading to the formation of Prysmian S.r.l. This entity later transformed into Prysmian S.p.A., a stock corporation that debuted on the Milan Stock Exchange on May 3, 2007. The initial public offering (IPO) successfully raised over €1.24 billion for the selling shareholder, Prysmian (Lux) II S.à r.l., which was under Goldman Sachs' control.

Following Goldman Sachs' complete divestment by March 2010, Prysmian emerged as Italy's first fully public company without a controlling shareholder. This transition underscored a commitment to long-term profitability, growth, transparency, and robust corporate governance. As of December 31, 2024, Prysmian's share capital amounted to €29,578,548.30, comprising 295,785,483 shares with a nominal value of €0.10 each. The company boasts a 100% free float, with institutional investors holding approximately 80% of its capital. Understanding the Prysmian ownership breakdown is key for investors looking at the Prysmian stock ownership.

Prysmian's Major Stakeholders

As of 2025, Prysmian Group's ownership is predominantly held by institutional investors, reflecting its status as a publicly traded entity. This broad ownership base influences the company's strategic direction and market perception.

• BlackRock, Inc.
• The Vanguard Group, Inc.
• T. Rowe Price Group, Inc.
• AllianceBernstein L.P.
• State Street Global Advisors, Inc.
• Baillie Gifford & Co.
• AXA Investment Managers S.A.
• Eleva Capital S.A.S.

There are no recorded shareholder agreements, as per Article 122 of the Consolidated Financial Act, indicating a decentralized ownership structure. This makes it important to know Marketing Strategy of Prysmian to understand how they engage with their diverse shareholder base.

Prysmian PESTLE Analysis

• Covers All 6 PESTLE Categories
• No Research Needed – Save Hours of Work
• Built by Experts, Trusted by Consultants
• Instant Download, Ready to Use
• 100% Editable, Fully Customizable

GET TEMPLATE ➔

As of April 2024, the leadership of Prysmian Group includes Massimo Battaini as CEO and General Manager, a role he has held since 2014, and Francesco Gori as Chairman of the Board. Emma Marcegaglia, appointed Lead Independent Director on April 18, 2024, also contributes to the company's governance.

Prysmian Group operates under a straightforward voting structure where each share is entitled to one vote, adhering to a one-share-one-vote principle. The company's bylaws do not permit shares with multiple or increased voting rights, nor have any securities been issued that confer special control rights. Voting rights are unrestricted. While direct employee voting is not a specified mechanism, the company actively encourages employee share ownership through favorable allotment and purchase programs. By the close of 2024, employee share ownership had reached 46%.

Understanding Prysmian's Ownership Structure

Prysmian Group's ownership is characterized by a broad distribution of control, meaning no single shareholder holds a majority of votes. This structure is a key aspect of its corporate governance.

• Prysmian ownership follows a one-share-one-vote principle.
• No securities grant special control rights.
• Employee share ownership stood at 46% at the end of 2024.
• The company does not have a concentrated ownership structure.

The company's approach to governance and shareholder engagement is further detailed in discussions about the Growth Strategy of Prysmian, highlighting how its ownership structure supports its strategic objectives.

Prysmian Business Model Canvas

• Complete 9-Block Business Model Canvas
• Effortlessly Communicate Your Business Strategy
• Investor-Ready BMC Format
• 100% Editable and Customizable
• Clear and Structured Layout

GET TEMPLATE ➔

Recent strategic moves, including a significant acquisition, have reshaped Prysmian Group's operational landscape and financial performance. These developments influence its ownership trends, as the company continues to expand its global footprint and diversify its business segments.

Prysmian Group's recent performance highlights a robust financial trajectory, bolstered by strategic acquisitions and a focus on operational efficiency. The company's commitment to shareholder value is evident in its proposed dividend increase, reflecting confidence in its ongoing growth strategy. Understanding the Revenue Streams & Business Model of Prysmian provides further context to these financial trends.

Strategic Acquisition

In 2024, Prysmian completed its largest acquisition to date, expanding its presence in the United States. This move is expected to enhance its market position and business diversification.

Financial Growth

The company reported significant increases in adjusted EBITDA and free cash flow for 2024. Projections for 2025 indicate continued positive financial momentum.

Shareholder Returns

A proposed dividend increase of 14.3% for 2024 demonstrates a commitment to rewarding shareholders. The company also implemented a long-term share-based incentive plan.

Sustainability Leadership

Prysmian has advanced its net-zero targets, aiming for substantial reductions in greenhouse gas emissions. Its recognition by TIME Magazine highlights its commitment to sustainable practices.

Prysmian Porter's Five Forces Analysis

• Covers All 5 Competitive Forces in Detail
• Structured for Consultants, Students, and Founders
• 100% Editable in Microsoft Word & Excel
• Instant Digital Download – Use Immediately
• Compatible with Mac & PC – Fully Unlocked

GET TEMPLATE ➔