Italian press has spread the rumor that Pirelli will be sold at auction
There have been persistent rumors on the web recently about the imminent sale of Pirelli. Usually, in such cases, it is said that there is no smoke without fire. In this case, the talk is about the fact that Pirelli Chairman Marco Tronchetti Provera plans to attract a partner, shareholder or owner from the Asian region. According to Bloomberg analysts, it is likely that a stake in the company will be acquired by Yokohama or Zhongce Rubber.
If the shares are indeed bought out, it is likely that the end of Pirelli will come. The company will be restructured. Interestingly, after the publication, the company's shares rose instantly, reaching a 12-year high of €15.18 per share.
Recall that last year, Rosneft became the largest individual shareholder of Pirelli after agreements were signed. So far, neither the representatives of the Russian shareholder nor Pirelli have commented on these rumors.
If the shares are indeed bought out, it is likely that the end of Pirelli will come. The company will be restructured. Interestingly, after the publication, the company's shares rose instantly, reaching a 12-year high of €15.18 per share.
Recall that last year, Rosneft became the largest individual shareholder of Pirelli after agreements were signed. So far, neither the representatives of the Russian shareholder nor Pirelli have commented on these rumors.