
There goes the Pirelli calendar… Italian classic sold to private Chinese company for a cool $7.7 billion
A private Chinese company is in the process of taking over Italian tyre manufacturer Pirelli. Reuters reports that the China National Chemical Corp. (ChemChina) will buy Pirelli, the world’s fifth-largest tire maker, in a 7.1 billion euro ($7.7 billion) deal that will place one of the symbols of Italy’s manufacturing industry in Chinese hands.
Read more »