Tag: Pirelli to be bought in a US$7.7 bln deal

Pirelli to be bought in a US$7.7 bln deal

China National Chemical Corporation (ChemChina) agreed on Sunday to buy tyre maker Pirelli in a 7.1 billion euro (US$7.7 billion) deal that will place one of the symbols of Italy’s manufacturing industry in Chinese hands. The deal with Pirelli’s shareholders is…