Pirelli/Rosneft deal unchanged – Tronchetti Provera

Marco Tronchetti Provera does not expect Western Sanctions against Russia to have any impact on Rosneft’s acquisition of a 13 per cent shareholding in Pirelli. Reuters reports that the Pirelli chairman and CEO told journalists on the sideline of an event that “the timetable of the deal is confirmed, nothing has changed.”

The state-owned Russian energy group will become the largest single shareholder in Pirelli through a transaction that sees it own 50 per cent of a holding company that will hold a 26.2 per cent stake in Pirelli.