Assignment share would be 15 euro per share, then Opa
Camfin, Pirelli shareholder with a stake of 26.19%, today confirmed the ‘ existence of negotiations with an industrial partner for the international transfer of the controlling interest in the tire company. The operation, emphasizes the note, is to ensure “stability, autonomy and continuity in the growth in the time of the group that would maintain the headquarters in Italy. ” Transfer entire stake held by Camfin would occur at a price of EUR 15 per share in an Italian company newly established subsidiary of the international industrial partners with a simultaneous reinvestment of Camfin. Once completed the transfer, would launch a tender offer for all the shares Pirelli.
Pirelli in turn, in a separate note, said it had not yet received any formal communication about the launch of takeover bids.
Yesterday, the BBC had anticipated the ongoing talks bringing the possibility of reorganization with the entry of a new partner Asian doing four names (the Korean Hankook, Yokohama the Japanese and the Chinese Chemical Corporation and China Zhongce Rubber Company). According to sources reported today by Reuters the partner in question is precisely the China Chemical Corporation.
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