Nexans expresses concerns over the implications of the GSI project cancellation
October 15, 2025
Nexans is worried about potential profit losses from the GSI project's failure, which involves the electric interconnection between Greece and Cyprus. If the project collapses, the company could lose up to 6% of its operating profits. BNP Paribas Exane warns of risks linked to political tensions in the Eastern Mediterranean and financial barriers. Additionally, a change in leadership at Nexans led to an 8.6% drop in its stock. Despite these concerns, the former CEO insists that the project is still under discussion.