Pirelli Makes Takeover Deal With ChemChina For €7.1 Billion…What Does It Mean For The Tire Manufacturer?

[admin]

Pirelli, the Italian tire manufacturer best known as the tire supplier to Formula 1, has entered into an agreement with state-owned ChemChina that will allow the Chinese company to buy the 26.2% of the shares of Pirelli owned by Italian holding firm Camfin at €15/share, then will propose a mandatory takeover bid for the remainder of […]

More...