Trio among seven firms to act as Pirelli shareholders agree sale of 26.2% stake to Chinese state-owned company
March 23, 2015 at 12:09 PM
1 minute read
The original version of this story was published on Legalweek
Clifford Chance (CC), Linklaters and Latham & Watkins have lined up among leading Italian firms to advise on a takeover bid for tyremaker Pirelli by China National Chemical (ChemChina).
ChemChina is set to buy a 26.2% stake in Pirelli, which is currently held by Italian investment firm Camfin, through its tyre-making unit China National Tire & Rubber in a deal valuing Pirelli at €7.1bn (£5.1bn).
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