Marco Polo/ChemChina buy almost 10 per cent of Pirelli shares

On 29 September Marco Polo Industrial Holding S.p.A purchased 45,143,033 ordinary Pirelli & C. S.p.A. shares representing approximately 9.5 per cent of the company and 190,307 savings shares from certain investment funds managed by Paulson at a price of Euro 15.00 per share.

The announcement was published by Pirelli on behalf of Marco Polo Industrial Holding S.p.A the company indirectly controlled by China National Chemical Corporation, through China National Tire & Rubber Co., Ltd.

The purchase of almost 10 per cent of Pirelli is a result of the continuing Mandatory and Voluntary Tender Offers of Pirelli & C. S.p.A ordinary shares, listed on the Electronic Stock Market organized and managed by Borsa Italiana S.p.A.