A day of rebound in Piazza Affari for the Pirelli stock, which – after the declining phase of the last few weeks – gained about two and a half points at the beginning of the afternoon, the best rise in the entire Ftse Mib. The shares changed hands at 9,15 euros. In the last month the title has lost more than nine points.
The company made it known today that it has strengthened the trade agreement with Rosneft in Russia. Igor Sechin, president of the oil giant, and Marco Tronchetti Provera, number one of the Bicocca group, met to discuss the progress of the memorandum of understanding signed in April. According to the agreement, the first Pirelli P Zero Platinum flagship store will be opened in the fourth quarter at the Rosneft service station in Sochi, in the Krasnodar region.
The two companies continue to work to open other Pirelli points of sale in Rosneft filling stations which, according to a preliminary plan, have been identified in nine areas of Russia: Moscow city, Moscow region, St. Petersburg, Saratov, Rostov region, of Krasnodar, Volgograd, Samara and Voronezh.
Finally, further possibilities for cooperation were discussed during the meeting: next autumn a Pirelli delegation will visit the Nairit rubber production plant in Yerevan, Armenia, to evaluate possible investment opportunities.
On the equity front, meanwhile, Pirelli is back in the shareholding structure of Prelios with 13% of voting capital, the second largest share after that of Camfin (14,83%). This can be learned from Consob communications. Pirelli had left the shareholding structure of Prelios in 2010 after the spin-off operation that had separated Pirelli Re from the other Bicocca activities. The new position derives from the financial restructuring process of Prelios which led Pirelli and other financial entities to convert part of their receivables into capital.
