Recently, the EU anti-monopoly regulator announced that the EU has approved China Chemical to invest 7.7 billion US dollars in the Italian tire manufacturer Pirelli. The European Commission said that after the completion of the transaction, Pirelli's market share is expected to grow at a slower rate, and the two companies have fewer cross-cutting businesses and will not create a monopoly. On March 23, China National Chemical Corporation issued a statement saying that it will acquire a 26.2% stake in Pirelli, the world's fifth-largest tire supplier, through China Chemical Rubber Corporation, and the transaction amount will reach 7.7 billion US dollars. China Chemical will become the largest shareholder of Pirelli. The merger of the two companies is expected to form the world's largest rubber tire company. In 2014, China Chemical's global sales revenue was US$39.69 billion, and Pirelli's 2014 sales revenue was US$7.31 billion. After the merger of the two companies, it is expected to become the world's largest rubber tire company with an annual income of 47 billion US dollars. Pure White Bopp Thermal Lamination Film Pure White Bopp Thermal Lamination Film,Bright White Bopp Laminating Roll,Snow White Bopp Laminate Film,Pure White Bopp Film JIANGYIN HONGJU NEW MATERIALS CO.,LTD , https://www.hongjuspecialfilm.com
· China Chemical's 7.7 billion US share stake in Pirelli tires approved by the European Union