Pirelli acquires controlling stake in Russian JV
Pirelli will gain a controlling share of the Kirov and Voronezh tyre factories in Russia by increasing its stake in the joint venture it operates with Russian corporation Rostec and financial group GHP. The tyre maker will repurchase from GHP 15 per cent of shares from the package that used to belong to Fleming Family & Partners, thus increasing its share to 65 per cent.