China-based Sinochem has sold its 14 per cent stake in Italian tyre maker Pirelli to Lumina Crown, a Czech investment firm owned by entrepreneur Michal Strnad. According to an official statement by Borsa Italiana, the Italian stock exchange, following the transaction, Sinochem’s shareholding in Pirelli stood at 20.1 per cent.
Lumina Crown Becomes Pirelli’s Third-Largest Shareholder in €987M Stake Purchase
The transaction involved 151,883,471 shares for €6.50 per share, representing a total value of approximately €987 million (around £845 million). The deal was recorded on ...
Lumina Crown Becomes Pirelli’s Third-Largest Shareholder in €987M Stake Purchase
The transaction involved 151,883,471 shares for €6.50 per share, representing a total value of approximately €987 million (around £845 million). The deal was recorded on ...
