Pirelli in talks with QIA to sell 15% stake
Pirelli [BIT:PC], the Italian tyre maker, is in advanced talks with the Qatar Investment Authority (QIA) to sell a 15% stake, Italian language daily La Repubblica reported.
The unsourced report said that Pirelli in talks with various parties, but that negotiations were most advanced with the QIA.
The report said that the vendor is the controlling shareholder ChemChina.
The aim is to sell the stake by mid-April, according to a previous report.
Pirelli has a market cap of EUR 4.643bn.
La Repubblica