Marco Polo to hold 63% Pirelli share following greenshoe option

Pirelli shares that J.P. Morgan Securities plc has partially exercised a greenshoe option in which 18,904,836 shares, an amount equal to around 1.9 per cent of Pirelli’s share capital, were purchased out of a total of 50,000,000 option shares. Upon completion, Marco Polo International Italy S.p.A. will hold 631,095,164 Pirelli ordinary shares, and therefore a 63 per cent share in Pirelli.

Pirelli’s statement about the transaction can be read here.