Nexans Maroc S.A.(CBSE:NEX) dropped from MADEX Free Float Index

Nexans Maroc SA is a Morocco-based company engaged in the electronic components industry. It operates in infrastructure, industry and building markets. The Company's product include outdoor energy cables, including LV aerial bundled cables, MV underground power cables and overhead lines, among others; special cables such as automation dedicated cables, mining cables, handling cables and pump cables, among others; signal and data transmission cables, including telecom outdoor cables and fibre or copper LAN, telephone & CATV cables, among others and indoor energy cables, including lift systems and wires and cables. In addition, the Company provides systems, accessories, equipment and various services, such as LAN Cabling Systems. It operates two production plants, one in Casablanca, and one in Mohammedia. The major shareholder of the Company is Nexans Participations with 83,59% shares.