You are here: / shareholders

Posts

Sailun Group implements Shareholder Return Plan

Sailun Group is introducing a mechanism outlining its approach to profit distribution, which balances the need for long-term development with that of delivering reasonable returns for shareholders. Specifically, the new Sailun Group Co., Ltd. Shareholder Return Plan (2025-2027) aims to encourage long-term investment and sustainable growth, provide stable returns to investors, align the company’s activities with regulatory requirements, and enhance decision-making and policy stability.

Membership Required

If you are not yet a Tyrepress or Tyres & Accessories subscriber, you can change that here.

Subscribe now

Becoming a member has benefits such as:

  • Read our sector-leading articles in full
  • Full analysis of tyre business segments
  • Read Tyres & Accessories magazine online/in print

Already a member? Log in here

Related news:

  1. Shareholder approval for Sailun Jinyu name change
  2. Sailun inaugurates upgraded acquired plant
  3. Sailun Group a Nokian Tyres offtake partner
  4. Sailun Group further investing in Vietnam
/0 Comments/by

Continental to spin-off Automotive group sector

Following a detailed evaluation, the Executive Board of Continental AG has decided to spin off its Automotive group sector business. Subject to the approval of the company’s Supervisory Board in March 2025, shareholders will vote upon the spin-off at the Continental Annual Shareholders’ Meeting scheduled for 25 April 2025. The spin-off will then likely take place by the end of 2025, with preparations for it completed by the end of the third quarter.

Membership Required

If you are not yet a Tyrepress or Tyres & Accessories subscriber, you can change that here.

Subscribe now

Becoming a member has benefits such as:

  • Read our sector-leading articles in full
  • Full analysis of tyre business segments
  • Read Tyres & Accessories magazine online/in print

Already a member? Log in here

Related news:

  1. Two independent companies – Continental evaluating Automotive spin-off
  2. Continental chooses site in Thailand for new APAC region tyre factory
  3. Continental reorganises top management within Tire division
  4. Continental extends & appoints
/0 Comments/by

NTAW raising capital to support Dunlop distribution in Australia & NZ

,

On 18 September 2024, Australian tyre and wheel importer and distributor NTAW Holdings Limited announced an entitlement offer to raise AU$12.41 million (£6.52 million) in working capital to support its strategic expansion in Australia and New Zealand following appointment as regional Dunlop tyre distributor.

Membership Required

If you are not yet a Tyrepress or Tyres & Accessories subscriber, you can change that here.

Subscribe now

Becoming a member has benefits such as:

  • Read our sector-leading articles in full
  • Full analysis of tyre business segments
  • Read Tyres & Accessories magazine online/in print

Already a member? Log in here

Related news:

  1. Australia’s NTAW Holdings preparing for growth despite challenging conditions
  2. Australia’s National Tyre & Wheel grows through Tyres 4U acquisition
  3. NTAW revises leadership team
  4. New name for Australia’s National Tyre & Wheel
/by

Michelin debuts BIB’Action 2024 employee share ownership plan

Michelin has launched its latest global employee share ownership plan, BIB’Action 2024. This initiative is open to over 127,000 employees in 44 countries, allowing them to become shareholders and participate directly in value creation. The programme, running from 11 September to 26 September 2024, is part of Michelin’s ongoing commitment to increasing employee share ownership, which it has pursued since 2002.

Membership Required

If you are not yet a Tyrepress or Tyres & Accessories subscriber, you can change that here.

Subscribe now

Becoming a member has benefits such as:

  • Read our sector-leading articles in full
  • Full analysis of tyre business segments
  • Read Tyres & Accessories magazine online/in print

Already a member? Log in here

Related news:

  1. Michelin shareholders approve Menegaux, Chapot appointments
  2. Michelin launches employee share plan
  3. Michelin takes 20% share in A.T.U. auto service chain
  4. Mobivia: Acquiring Michelin’s ATU shares makes sense from strategic standpoint
/by

Two independent companies – Continental evaluating Automotive spin-off

After concluding a strategic review in response to “the increasingly dynamic markets in the automotive industry,” Continental is more closely examining the possibility of spinning off its Automotive group sector business. The Continental Executive Board has announced that the company will “conduct a further detailed evaluation” before deciding on the matter in the fourth quarter of 2024. If approved by shareholders, Continental intends to complete the spin-off by the end of 2025.

Membership Required

If you are not yet a Tyrepress or Tyres & Accessories subscriber, you can change that here.

Subscribe now

Becoming a member has benefits such as:

  • Read our sector-leading articles in full
  • Full analysis of tyre business segments
  • Read Tyres & Accessories magazine online/in print

Already a member? Log in here

Related news:

  1. Continental parting ways with human resources head
  2. Despite Hard 2009, Conti Looks Toward Sales Growth This Year
  3. Taraxagum – Continental unveils brand name for dandelion tyre rubber
  4. Stop the Crash – Continental partners with Global NCAP campaign
/by

Pirelli holds shareholders’ meeting

Pirelli & C. SpA held its Shareholders’ Meeting on 28 May. The meeting took place at Studio Marchetti in Milan and was attended by 88.26 per cent of the capital with voting rights, with participation through the Appointed Representative.

Membership Required

If you are not yet a Tyrepress or Tyres & Accessories subscriber, you can change that here.

Subscribe now

Becoming a member has benefits such as:

  • Read our sector-leading articles in full
  • Full analysis of tyre business segments
  • Read Tyres & Accessories magazine online/in print

Already a member? Log in here

Related news:

  1. Pirelli shareholders’ agreement renewed
  2. Camfin & Brembo sign Pirelli consultation agreement
  3. Pirelli governance remains unchanged pending agreement renewal
  4. Pirelli Shareholders’ Agreement enters force
/by

Francesco Tanzi returning to Pirelli as Corporate General Manager

At the first Board of Directors meeting held after the upcoming Pirelli shareholders’ meeting, CEO candidate Andrea Casaluci will propose a new Corporate General Management structure that will report to him. He will put forward this structure in coordination with current Executive Vice President and CEO Marco Tronchetti Provera and propose the position be entrusted to former CFO Francesco Tanzi, who will return to the Pirelli Group after a hiatus of almost two years.

Read more

Related news:

  1. Pirelli CEO: Andrea Casaluci to be nominated
  2. Pirelli’s updated Shareholder Agreement
  3. Giorgio Luca Bruno named Pirelli’s next CEO
  4. Strategic tyre sensors – Italy confirms Chinese shareholder restrictions for Pirelli
/by

Pirelli’s updated Shareholder Agreement

Pirelli has published an extract of its Renewal of the Shareholder Agreement, a document signed on 16 May 2022 and amended to take into account the provisions of the Golden Power Decree of the President of the Council of Ministers. Read the official English-language version of the updated document here.

Read more

Related news:

  1. Camfin & Brembo sign Pirelli consultation agreement
  2. Pirelli governance remains unchanged pending agreement renewal
  3. Pirelli CEO: Andrea Casaluci to be nominated
  4. Pirelli Shareholders’ Agreement enters force
/by

Pirelli: No board nominations presented, proposal to defer nominations coming

Pirelli & C. S.p.A has announced that, as of the 5 June 2023 deadline for the presentation of Board of Directors nominations lists ahead of the 29 June 2023, no lists were submitted by the shareholders. In other words, board nominations have been put on hold until after the conclusion of the Golden Power Procedure.

Read more

Related news:

  1. Pirelli shareholders’ agreement renewed
  2. Pirelli shareholders amend agreement, some parties end co-investment accord
  3. Camfin & Brembo sign Pirelli consultation agreement
  4. Correction – Giorgio Bruno not yet Pirelli CEO
/by

Pirelli Shareholders’ Agreement enters force

Pirelli reports that the Shareholders’ Agreement signed in May 2022 entered force as of 19 May 2023. The renewed agreement replaces the previous agreement that expired on 28 April 2023 but doesn’t yet fully apply. Pirelli explains that proceedings related to the Golden Power Decree are still ongoing, with the agreement’s effect and voting rights for China National Tire & Rubber Corporation, Ltd. (CNRC) remaining suspended until a conclusion is reached.

Read more

Related news:

  1. Pirelli governance remains unchanged pending agreement renewal
  2. Sinochem Holdings established through ChemChina, Sinochem restructuring
  3. Pirelli shareholders’ agreement renewed
  4. Camfin & Brembo sign Pirelli consultation agreement
/by

Pirelli governance remains unchanged pending agreement renewal

The three-year agreement pertaining to the governance of Pirelli & C. S.p.A. that took effect on 28 April 2020 has now expired. Although the Renewal of the Shareholder Agreement agreed upon on 16 May 2022 has not yet taken affect, Pirelli states that its governance structure will “remain unchanged” until it does.

Read more

Related news:

  1. Pirelli shareholders amend agreement, some parties end co-investment accord
  2. Pirelli postpones shareholders’ meeting
  3. Pirelli shareholders’ agreement renewed
  4. Camfin & Brembo sign Pirelli consultation agreement
/by

Michelin: No new news about Russia

,

The Annual Meeting of Michelin Shareholders will take place on Friday 12 May, and amongst the plethora of information contained within the accompanying Notice of Meeting document, the company shares a few words on activities in Russia. Its message is largely unchanged since the previous update two months ago.

Read more

Related news:

  1. Tyre makers & the Russia dilemma
  2. Michelin’s Russia exit taking longer than planned
  3. Impossible to resume production – Michelin transferring Russian operations
  4. Nokian Tyres exits Chinese market
/by

Camfin & Brembo sign Pirelli consultation agreement

On 28 February 2023, Pirelli shareholder Camfin SpA and its parent Marco Tronchetti Provera & C. SpA (MTP/Camfin) signed a shareholder agreement with Brembo SpA and Next Investment Srl, together with its parent NuovaFourB Srl (Brembo). The agreement covers Brembo’s commitment to align its vote with that of MTP/Camfin, following prior consultation, on matters included in the agenda at Pirelli’s ordinary or extraordinary shareholder meetings.

Read more

Related news:

  1. Pirelli shareholders’ agreement renewed
  2. Pirelli governance remains unchanged pending agreement renewal
  3. Pirelli Shareholders’ Agreement enters force
  4. Camfin & LongMarch renew Pirelli agreement
/by

Mobivia: Acquiring Michelin’s ATU shares makes sense from strategic standpoint

,

Yesterday we reported that Mobivia Group had reacquired from Michelin its 20% stake in ATU or would do so “in the next few days,” becoming once again sole owner of the German garage and automotive parts network. At the time, Mobivia hadn’t responded to requests for further information, but a statement from company headquarters arrived this morning and sheds some light on the reason behind the buyback. What’s more, further research suggests Michelin was unable to realise its purchase price when selling the stake.

Read more

Related news:

  1. Mobivia Groupe to acquire ATU
  2. Will rent price discord torpedo A.T.U. acquisition?
  3. ATU: Mobivia acquires Michelin’s minority shareholding
  4. German authorities give Michelin green light to acquire Ihle Baden-Baden
/by

Independent members join Hella’s Shareholder Committee and Supervisory Board

,
Hella

Judith Buss and Andreas Renschler are to join the Shareholder Committee and the Supervisory Board of Hella GmbH & Co. KGaA as independent members. The corresponding election of candidates is to take place at Hella’s Annual General Meeting on 30 September, 2022. Andreas Renschler is then also to take over as Chairman of the Supervisory Board and on that board, Judith Buss is to act as Chairwoman of the Audit Committee. Andreas Renschler and Judith Buss thus succeed Klaus Kühn, who has announced that, for personal reasons, he would be stepping down from the aforementioned positions at the end of the AGM. 

Read more

Related news:

  1. Tronchetti Provera re-confirmed as Pirelli executive vice chairman and CEO
  2. Nokian Tyres reshuffles board of directors
  3. Continuity and change on the Hella management board
  4. Hella appoints Grant as UK managing director
/1 Comment/by

We see you are visiting us from China.

If you would like the latest news from the Chinese tyre industry in Chinese, visit our partner site TyrepressChina.com. Or click below to continue on Tyrepress.