Pirelli to be sold to Chinese company

22nd April, 2015
Tronchetti Provera, chief executive, Pirelli

Italian tyre-maker Pirelli is to be sold to a consortium led by the state-owned China National Chemical Corp (ChemChina) in a deal worth €7.4 billion.

Pirelli’s chief executive Tronchetti Provera, one of Italy’s best-known businessmen, said that the deal was good for the future of Pirelli and guarantees its global growth. He ruled out the likelihood of a counter offer and said a possible link-up between Pirelli and Bridgestone would be “a disaster”....

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Get basic

*New subscribers only

You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

2 Yearly



Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

Tom Maguire: Tax changes we make now could help business for years

More Business Tom Maguire 6 months ago

The Daily Briefing

The Daily Briefing