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You are here: Home1 / Ownership

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Pirelli shareholders amend agreement, some parties end co-investment accord

Company News, International News

Pirelli’s largest shareholders have amended their ownership agreement and – at the same time – certain parties have ended their co-investment stance in relation to each other.

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Related news:

  1. ChemChina now holds 30% of Pirelli shares
  2. Pirelli major shareholder Chemchina restructuring
  3. Marco Polo/ChemChina buy almost 10 per cent of Pirelli shares
  4. ChemChina’s latest Pirelli shares held indirectly
15th October 2020/by Chris

Fintyre in talks with “potential new investors”

News

Fintyre, the large but troubled European tyre distribution enterprise, has confirmed that it is talking to “potential new investors” in a statement designed to clarify its ongoing position “given the events that have taken place in the last few months”.

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Related news:

  1. European FinTyre Distribution buys Reifen Krieg
  2. Fintyre platform company acquires Reiff Reifen & Autotechnik
  3. Fintyre to open London head office
  4. EfTD rebrands as Fintyre Group
27th May 2020/by Chris

New owner for Liqui Moly

Company News

Liqui Moly is getting a new owner. At the turn of the year the CEO Ernst Prost is selling his company shares to the Würth Group. “I have hereby secured the future of Liqui Moly for a time when I may no longer be at the helm myself,” says Prost. He remains the CEO of the corporate group.

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Related news:

  1. Liqui Moly sets new sales record in October
  2. Liqui Moly: record turnover, but lower growth
  3. Liqui Moly enters Formula 1 advertising deal
  4. ‘Nobody will be laid off – if need be I’ll waive my salary’ – Liqui Moly MD
2nd January 2018/by Andrew

Pirelli shareholding to be controlled by ChemChina

Company News, International News, Premium

In the early hours of 23 March 2015 Beijing Time, ChemChina’s China National Tire & Rubber Co. (CNRC) subsidiary signed an agreement with Camfin S.p.A. to purchase Camfin’s 26.2 per cent Pirelli shareholding at 15 euros a share. This values Pirelli at around 7.1 billion euros (£5.15 billion pounds). A joint tender offer by ChemChina, Camfin and other investors on the rest of Pirelli’s shareholding is now expected to follow.

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Related news:

  1. Pirelli industrial/consumer tyre business split continues
  2. Rosneft reaches for Pirelli – but the power stays with Marco Tronchetti Provera
  3. ChemChina Pirelli buy-out underway
  4. Pirelli IPO marks landmark in new ownership structure
23rd March 2015/1 Comment/by Tyrepress Editors

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