- Rosneft (RNFTF) agrees to acquire a large indirect stake in Italian tire maker Pirelli (PPAMF) in a deal worth ~€500M ($695M).
- Rosneft will buy 50% of a new holding company that owns 26.2% of Pirelli, making it Pirelli's largest shareholder, although not a controlling one.
- Rosneft's entry into Pirelli's shareholding base helps dilute financial shareholders but stabilizes the ownership of the company with an important new industrial investor.
From other sites
at MarketWatch.com (Dec 22, 2014)
at CNBC.com (Dec 22, 2014)
at MarketWatch.com (Jul 18, 2014)
at MarketWatch.com (Jul 17, 2014)
at MarketWatch.com (Mar 3, 2014)
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