Barge AMT Explorer chartered for the transportation of power cables for Deutsche Bucht and Butendiek off shore wind farms in Germany.

Milan, 4 July 2014. Prysmian inform that on July 3rd during transfer voyage from Arco Felice (Naples/Italy) to Bremenhaven (Germany) the barge AMT Explorer chartered for the transportation of power cables for Deutsche Bucht and Butendiek off shore wind farms in Germany, capsized when pulled by a tug boat.

As a consequence, the cargo and the rotating platform have most likely sunk. The event took place in international water in a position which is some 50 nautical miles southwesterly of Sardinia. We are pleased to report that all crew are safe and sound.

The barge is owned by ship-owner Augustea Anchor Marine Transportation, Smit Salvage is currently handling the wreck, following the capsizing happened.

Prysmian indicate in euro 28 million the value of the cables transferred and clarify that adequate insurance coverage is in place to face the event. 

Prysmian and TenneT are working at their best capabilities to avoid consequences that may affect the project execution timetable.

Prysmian Group
Prysmian Group Prysmian Group is world leader in the energy and telecom cables and systems industry. With more than 130 years of experience, sales of €7 billion in 2013, about 19,000 employees across 50 countries and 91 plants, the Group is strongly positioned in high-tech markets and offers the widest range of products, services, technologies and know-how. In the Energy sector, Prysmian Group operates in the business of underground and submarine power transmission cables and systems, special cables for applications in many different industrial sectors and medium and low voltage cables for the construction and infrastructure industry. In the Telecom sector, the Group manufactures cables and accessories for the voice, video and data transmission industry, offering a complete range of optical fibres, optical and copper cables and connectivity systems. Prysmian is a public company, listed on the Milan Stock Exchange in the FTSE MIB index.

Media Relations Lorenzo Caruso
Corporate & Business Communications Director
Ph. 0039 02 6449.1
lorenzo.caruso@prysmiangroup.com

Investor Relations Luca Caserta
Investor Relations Director
Ph. 0039 02 6449.1
luca.caserta@prysmiangroup.com

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