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Pirelli Complete Speed Acquisition

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Financial news sources report that Pirelli have acquired the 19.19 per cent of Speed SpA necessary to complete the full purchase of the company.

Speed owns a 38.9 per cent stake in Pirelli – the only stake not already owned by the Italian manufacturer itself. The acquisition of Speed for the grand sum of 835.5 million euros – as announced back in March – therefore completes the repurchase of shares in Pirelli Tyre.

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