Pirelli

Pirelli in talks to sell TI stake

Pirelli said it held exclusive talks with AT&T and Mexico’s America Movil late Sunday to sell off two-thirds of its stake in Telecom Italia (TI). Pirelli controls an 18 pct stake in Telecom Italia through the holding company Olimpia SpA. In the last few months various suitors have been associated with TI, including Spanish incumbent, […]

Pirelli says interest in TIM holding

Italian tyre manufacturer Pirelli said on Friday that it has had various contacts with interested parties over the possible entry of third parties into Olimpia, the Italian holding firm Olimpia, which controls Telecom Italia. Pirelli increased its stake in Olimpia to 80 per cent in October, with the remaining 20 per cent held by Benetton. […]

Pirelli chief quits as Italian drama continues

Carlo Buora, the chief of Italian tyre company Pirelli resigned from all roles in the group late on Monday to focus on the ongoing controversy at Telecom Italia. A statement from the tyre giant said Buora had quit his roles as Pirelli’s managing director and general manager “to concentrate on his commitment in Telecom Italia, […]

Pirelli takes 80% of Telecom Italia

Italian tyre manufacturer Pirelli paid out Eur1.17bn (£788m) on Wednesday for two 4.77 per cent stakes in Italian holding firm Olimpia, which controls Telecom Italia. Pirelli acquired the holdings under previous option agreements made with Banca Intesa and Unicredito Italiano. Pirelli’s stake in Olimpia now rises to 80 per cent, with the remaining 20 per […]

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