Pirelli sells complete cables activity for Eur 1300 million

Milan, Italy – Pirelli & C. SpA and Goldman Sachs Capital Partners have reached an agreement for the sale of Pirelli’s Energy and
Telecom Cables and Systems business to Goldman Sachs Capital Partners.
Under the terms of the agreement, Pirelli will sell to Goldman Sachs Capital Partners activities that had in 2004 sales of € 3,208 million, with an operating income (EBIT) of more than € 110 million. The business has 12,000 employees and 52 plants around the world.

In a statement, Pirelli said, “As already announced, net…

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