Chinese firm makes $8.8bn bid for Pirelli

China’s biggest state-owned chemical company has announced plans to acquire Italian tyre manufacturer Pirelli.

Chinese firm makes $8.8bn bid for Pirelli
Mon, 23 Mar, 2015 - 13:54

China’s biggest state-owned chemical company has announced plans to acquire Italian tyre manufacturer Pirelli.

ChemChina said it is buying a 26.2% stake in Pirelli Tyre SpA from its biggest shareholder, Camfin SpA, which is controlled by the family of Pirelli chairman Marco Tronchetti Provera.

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