Nexans slips after top shareholder reduces stake in ABB

** Shares in French cable maker Nexans (NEXANS.PA) slide around 3% after a top shareholder sells stake in accelerated placement

** Equita analyst Luigi de Bellis says Invexans announced ABB of 2.2 million Nexans shares, equal to around 5% of the share capital

** Citing Bloomberg News, de Bellis says the price was set at 121.5 euros per share

** This represents a 5.3% discount to Nexans Thursday's closing price

** Following the placement, Invexans is set to hold a 9.2% stake in Nexans via its unit, de Bellis says