Pirelli announced an agreement with Rosneft, Pirelli’s largest shareholder, to open more than 200 retail outlets at Rosneft’s filling stations. Pirelli will also cooperate with the Russian oil group in synthetic rubber production.
Under the terms of the agreement between the two companies, at least 60 retail outlets selling Pirelli-branded products will open in 2014 and 2015. The remainder will open in 2019.