Pirelli Pairs with Rosneft
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
Rosneft Purchases 13% of Pirelli
Russian oil major, Rosneft has bought into Pirelli, taking control of 50% of the holding group controlling Pirelli and a 13% of the tiremaker itself. The purchase makes the Russian group the largest single shareholder in Pirelli. The deal is being characterized as a solidification of the company’s partnership with Rosneft in Russia, which is