Skip to main content
Sister Publication Links
  • Rubber & Plastics News
Subscribe
  • My Account
  • LogIn
  • News
  • Technology Focus
    • Features
    • Technical Papers
    • Analysis: Rubber mixing plants of the future
      Analysis: US probes dumping by ESBR suppliers
      Opinion: Tire labels stuck in a rut
      Analysis: NR pricing takes one step forward, two steps back
    • White paper: Role of tire innerliners in improving 'in-use rolling resistance'
      White paper: Why tire air retention matters now more than ever
      Nippon Soda: Use of 1,2-polybutadiene in CSM rubber applications
      Elastomers for Sustainability Top 10
  • Events
    • ERJ Events
    • ERJ Livestreams & Webinars
    • Industry Events
    • Journey to Automation Awards 2020
      Sustainability: Top 10 E4S projects table
  • Maps & Reports
  • People
  • Directory
  • Digital Edition
  • Brainiac
MENU
Breadcrumb
  1. Home
  2. News
June 06, 2013 12:00 AM

Italy's Malacalza buys 7 percent of Pirelli

ERJ Staff
  • Tweet
  • Share
  • Share
  • Email
  • More
    Print

    ERJ staff report (BC)

    Milan – Italy's Malacalza Investimenti said on Wednesday it had acquired a 6.98 percent stake in tire maker Pirelli at a price of €7.8 per share, reports Danilo Masoni of Reuters.

    In a statement, the company, owned by the eponymous family, said it had bought the stake from investors in Pirelli's shareholder pact.

    It said it had sold its stakes in two Pirelli interlocking holding companies, GPI SpA (30.94 percent) and Camfin (12.37 percent), for €160m ($209 million).

    The stake in Camfin was sold at 0.80 euros per share.

    In other reports, Vittorio Malacalza is said to have fallen out with Pirelli chairman Tronchetti Provera last year because he disagreed with the way Camfin went about refinancing its debt.

    RECOMMENDED FOR YOU
    Order takes Michelin-Enviro partnership a step closer 
    Order takes Michelin-Enviro partnership a step closer 
    French unions reject short-time working scheme for rubber industry
    French unions reject short-time working scheme for rubber industry
    US to keep import duties on tires from China
    US to keep import duties on tires from China
    Free Newsletters

    Breaking news and in-depth coverage of essential topics delivered straight to your inbox.

    Subscribe today

    Get the latest news impacting the European rubber industry, from breaking news to razor-sharp analysis, in print and online.

    Subscribe now
    Connect with Us
    • LinkedIn
    • Twitter
    • Youtube

    Logo
    Contact Us

    @ 2019 European Rubber Journal. All rights reserved.
    Contact Us European Rubber Journal, Crain Communication LTD, Ground Floor 11 Ironmonger Lane, London EC2V 8EY, UK

    Customer Service:
    1-313-446-0450

    Resources
    • About us
    • Contact Us
    • Staff
    • Advertise with Us
    • Media Kit
    • Careers
    • Ad Choices Ad Choices
    • Sitemap
    Legal
    • Terms and Conditions
    • Privacy Policy
    • Privacy Request
    Copyright © 1996-2021. Crain Communications, Inc. All Rights Reserved.
    • News
    • Technology Focus
      • Features
      • Technical Papers
    • Events
      • ERJ Events
      • ERJ Livestreams & Webinars
      • Industry Events
    • Maps & Reports
    • People
    • Directory
    • Digital Edition
    • Brainiac