La Bicocca
Milan , March 19, 2015 – 18:58
Negotiations to close the final for the reorganization of Pirelli and the entry of China National Chemical Corporation. The new Chinese partner of Marco Tronchetti Provera will enter the Bicocca through totalitarian takeover bid with the aim of delistare Pirelli and proceed to the reorganization. Yesterday the titles of the Milan group gained on the stock market more than 3% on the assumptions of reorganization. The transaction, which could be announced by the end of the week, is fairly elaborate and now were stuck all the details.
The alliance with the Chinese
The new shareholder ChemChina, a giant 70 billion in revenue with activities also in the tires through parent Aeolus, alongside Tronchetti and the shareholders of Pirelli stable, ie Rosneft, Fidim family Rovati, Gwm Siger Diaz Pallavicini, Intesa Sanpaolo and Unicredit and the renewed shareholder. The articulation of the plan would provide fact reinvestment of a portion of the proceeds from accession takeover bid, and governance that should not be very different from today. At least with regard to the operational management of the company. The partners have agreed to place the shares at a shareholders’ agreement in which it is confirmed the guidance of Tronchetti for the next five years.
March 19, 2015 | 18:58
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