ChemChina to purchase Pirelli in e7bn deal
China National Chemical is to buy Pirelli, the fifth-largest tyre maker, in a e7.1 billion (R92.5bn) deal that will place one of the symbols of Italy’s manufacturing industry in Chinese hands. |||
Paola Arosio and Danilo Masoni MilanCHINA National Chemical (ChemChina) is to buy Pirelli, the fifth-largest tyre maker, in a e7.1 billion (R92.5bn) deal that will place one of the symbols of Italy’s manufacturing industry in Chinese hands. The deal agreed with Pirelli shareholders late on Sunday is the latest in a string of takeovers in Italy by cash-rich Chinese buyers, who can …read more
Source: Independent Online
