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Pirelli bought by Chemchina

Extract from article by Eric Roberts  http://www.pellonautocentre.com/blog/pirelli-tyres-sale-to-chemchina/

ChemChina has already developed a tyre making facility, known as the China National Tyre and Rubber Company, who will go into a joint venture and bid to buy the 26.2% stake of Pirelli from the Italian holding firm of Camfin and an effort for the rest of the tyre company, will follow.

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