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In 2015, China National Chemical Corp. Ltd. took controlling interest of Pirelli; with the Chinese state-owned company agreeing to maintain the tyre company's ownership structure until 2023. Pirelli has been sponsoring sport competitions since 1907 and is the exclusive tyre partner and supplier for the Grand-Am Rolex Sports Car Series for 2008 ...
He was the chief executive officer of Pirelli & Co. S.p.A. from 1992 [1] to 2022 [2] and its executive vice chairman since October 20, 2015. He is the chairman of Marco Tronchetti, Provera & C. S.p.A., a holding that he controls and which indirectly holds 50% of Camfin S.p.A. (where he was Chairman until December 2013).
Steward-ownership is a corporate ownership structure that prioritizes the long-term independence [14] and purpose of a company. [15] While the legal implementation may vary, all steward-owned companies make a legally binding commitment to two core principles: [9] [16] self-governance and purpose-driven profit allocation.
After restructuring the organisation of the group's internal activities, the company decided to sell down its investment in the cable market. The figure negotiated was EUR 1.3 billion: Goldman Sachs gave Pirelli 225 million and the rest (more than one billion) was a debt that would be paid off the back of the new business. [10]
Continental AG, commonly known as Continental and colloquially as Conti, [3] is a German multinational automotive parts manufacturing company. Headquartered in Hanover, Lower Saxony, it is the world's third-largest automotive supplier and the fourth-largest tire manufacturer.
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In November 2022, Partners Group acquired EdgeCore for $1.2 billion, a Colorado-based data center owner and operator company. [58] In December, Partners Group announced that it was increasing its stake in the Swiss watchmaker, Breitling. It previously had a 23% stake in Breitling and would become the majority shareholder once the deal was ...
Pirelli joined Pirelli as a member of the Pirelli SpA board in 1954 and appointed deputy chairman serving from 1956 to 1965. He served as its president from 1965 to 1996. In 1992, he remained chairman but let his son-in-law, Marco Tronchetti Provera, take over as managing director and executive deputy chairman. [2]