Brembo Sells Its Entire Stake in Italian Tiremaker Pirelli [BNN Bloomberg (Canada)]
Ferrari N.V. Common Shares (RACE)
Last ferrari n.v. common shares earnings: 2/4 05:58 am
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Source: BNN Bloomberg
Brembo is selling 55.8 million of Pirelli ordinary shares in a placement to institutional investors, equal to about 5.6% of the Milan-based tire-maker, according to a statement on Tuesday. BNP Paribas SA has been appointed as sole global coordinator and bookrunner in connection with the placement. Pirelli is one of Italy's most iconic manufacturers, producing tires for high-end brands including Ferrari NV, McLaren Automotive Ltd. and Bentley Motors Ltd. Pirelli's Executive Vice Chairman Marco Tronchetti Provera earlier this year increased his stake in the company to around 23%. Brembo had bought into the company in 2020 and later increased its stake. Last year, it signed a shareholders' agreement with Tronchetti's holding company Camfin to strengthen their position. Chinese conglomerate Sinochem Holdings remains Pirelli's largest investor. ©2024 Bloomberg L.P.
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RACE
Earnings
- 11/5/24 - In-Line
RACE
Sec Filings
- 11/12/24 - Form 6-K
- 11/7/24 - Form 6-K
- 11/5/24 - Form 6-K
- RACE's page on the SEC website