Pirelli has transferred all of its steelcord business to Bekaert.
Pirelli has finalized the sale of its steelcord activities in China to Bekaert, completing the transfer of Pirelli’s steelcord business to Bekaert.
This follows the sale of Pirelli’s steelcord plants in Italy, Romania, Brazil and Turkey to Bekaert.
According to the company, the enterprise value for the 100% of the steelcord activities has been confirmed at 255 million euro.