I Chinese they go away from Pirelli. The Chinese fund Silk Road has started an accelerated placement procedure of 90,2 million Pirelli shares, equal to 9% of the capital of the high-end tire group led by Marco Tronchetti Provera. The price set by the Chinese for the sale is between a minimum of 5,69 euros per share and 6,19 euros, which is equivalent to an 8% discount on the share price. Bag marked yesterday by the headline on Piazza Affari. If the entire block of shares is sold, the Silk Road fund, which also holds a 5% stake in Autostrade per l'Italia, will gross between 523 and 560 million. The exit of the Chinese from Pirelli is the consequence of the application of Golden Power, decided by the Government to defend the country's strategic assets since Silk Road had expressed its intention to intervene directly in the management of the company. Yesterday the Pirelli stock, on a very negative day for the stock market, gained 0,26%, in complete contrast to the trend Ftse Eb. We will see today how the market will react.
Meanwhile, the Camfin group has purchased 2,2% of Pirelli and as a consequence of this the MTP group (Marco Tronchetti Provera) now holds an overall share of Pirelli equal to 22,78%.
