Madeco (MAD.SN), a Chilian maker of copper and aluminium products, has agreed to gradually lift its stake in French cable maker Nexans (NEXS.PA) to 20 percent from 9 percent over a number of years, Nexans said on Monday. Nexans had long been looking for a long-term partner to support its expansion and investments. "I am pleased to announce the conclusion of this agreement that reflects the shared strategic views of these two companies," Nexans chairman and chief executive Frederic Vincent said in a statement.
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