* Talks held with France's Nexans, Italy's Prysmian - paper
* Draka investor wants to sell for 17-18 euros/share - paper
* Nexans willing to offer 15 euros - paper
* Draka shares up as much as 11.4 percent
(Adds asset manager, analyst comment, shares)
AMSTERDAM, Oct 14 (Reuters) - Dutch cablemaker Draka's largest shareholder wants to sell its 43.9 percent stake and talks have been held with French group Nexans and Italy's Prysmian, a Dutch paper reported.
Shares in Draka, which declined to comment, jumped to a six-month high, touching 15.28 euros before coming off slightly to trade up 7.3 percent at 14.72 euros by 0821 GMT on Thursday.
Flint Beheer, the investment fund of the Fentener van Vlissingen family, wants to sell its stake in Draka and has hired merchant bank Lazard to examine the best options for the Dutch company, newspaper Het Financieele Dagblad reported.
The paper said Flint, which was not available to comment, wants to sell its shares for between 17 and 18 euros, valuing Draka at about 850 million euros ($1.2 billion).
Nexans was said to be prepared to offer 15 euros per share, half in cash and half in shares.
"Around 15 to 16 euros you should have a reasonable price," said Keijser Capital asset manager Ed Manie.
"This is going to be a difficult road, judging from what I hear now. Flint is asking 17 to 18 euros, which I see as quite a heavy price, looking at what has happened the past few years and the management changes at Draka."
Citing unnamed sources, the paper said exploratory talks have been held with Nexans, the world's largest cable maker, and Prysmian, which abandoned takeover talks with Draka in September last year after failing to agree merger terms.
A Prysmian spokesman said: "There are no talks with anyone with the board or (Flint). We are following our own route. We have done two acquisitions in India and Russia and are doing their integration. That's our priority."
Nexans was not immediately available to comment.
The newspaper said private equity is also interested in Draka.
SNS Securities said in a note Draka shares are worth between 14.70 and 15.60 euros but could be worth between 17.10 and 18.10 euros if the buyer realised synergies and was willing to discount some of the costs savings into the purchase price.
If Flint sells its stake, the buyer would need to make a bid for the rest of the company under Dutch law as it would own more than 30 percent of Draka.
HSBC analysts wrote in a note in March that more consolidation was expected in the cable making industry as firms seek to expand in emerging markets and exploit problems of competitors in the downturn. (Reporting by Aaron Gray-Block and Gilbert Kreijger in Amsterdam and Nigel Tutt in Milan; Editing by Mike Nesbit and Michael Shields)