Rosneft to sell controlling stake in Pirelli to Chinese
Edited by Rhod Mackenzie / 2015-03-24 01:23:38
A controlling stake in Italian tire manufacturer Pirelli will be sold to China National Chemical Corp.
To date, Rosneft is the major shareholder of Pirelli.
Rosneft owns 50% in Camfin (Pirelli is part of it). Russia bought a block of shares for EUR 552.7 million in 2014. Another 50% of Camfin are distributed between two Italian banks and an investment company, belonging to Tronchetti Provera, head of Pirelli.
