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You are here: Home1 / News2 / Company News3 / Pirelli and Hixih move closer together

Pirelli and Hixih move closer together

Date: 15th April 2020 Author: Chris Anthony Comments: 0
Pirelli Hixih Pirelli shares a joint venture factory JV with the Hixih Group

On 1 April 2020 Camfin SpA, a key shareholder in Pirelli which shares the Italian tyre manufacturer’s close connections with Marco Tronchetti Provera, announced that Camfin and Longmarch Sàrl had signed “a preliminary and non-binding Memorandum of Understanding [MoU] to evaluate a possible strategic partnership, aimed at developing activities in private equity, including the healthcare sector. However, while Camfin is and investment company and Longmarch is a separate Luxembourg-based vehicle, the two firms are related to Pirelli and the Chinese Hixih Rubber Group respectively. And therefore, the latest news could also indicate that Pirelli and Hixih are moving closer together.

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Related Tags

Camfin, Camfin S.p.A., car tyres, China, featured, Hixih Rubber Industry Group, investment, Longmarch, Manufacturing, Pirelli, shares

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