August 29, 2016 8:36 PM ET

Auto Components

Company Overview of CAMFIN S.p.A.

Company Overview

Camfin SpA invests in automotive and real estate sectors. The company produces tires; provides asset management services in the real estate sector; and manages approximately 100 thousand square meters of properties in Rho and Pero. It also provides administrative, information technology, legal, and fiscal services. The company was founded in 1915 and is headquartered in Milan, Italy.

Viale Piero e Alberto Pirelli, 25

Milan, MI 20126

Italy

Founded in 1915

Phone:

39 0272 58 24 00

Key Executives for CAMFIN S.p.A.

Secretary and General Manager
Compensation as of Fiscal Year 2016.

CAMFIN S.p.A. Key Developments

China National Chemical Close To Deal To Take Control Of Pirelli

China National Chemical Corporation is seeking acquisition of Pirelli & C. SpA from Camfin S.p.A. In a statement on March 20, 2015, Camfin said that it was in talks with an 'international industrial partner to sell its 26.2% stake in Pirelli. "The unnamed partner has offered to pay €15 a share for its Pirelli stake, which would value the tire maker at 7.1 billion euros, or about $7.6 billion," Camfin said. ''As things presently stand, an agreement is yet to be reached,'' Camfin said in a news release. A person briefed on the discussions confirmed that China National Chemical Corporation was the unnamed investor and the deal could be sealed as early as this weekend. “Once the deal for Camfin's stake is completed, the unnamed investor would begin a bid to acquire the remaining outstanding shares of Pirelli,” Camfin said. “The tender offer would be at the same price of €15 a share. The stake would be transferred to a newly created Italian company, which would be controlled by China National Chemical Corporation,” said the person, who was not authorized to discuss the matter publicly.

China National Chemical Reportedly Close To Deal To Take Control Of Pirelli

China National Chemical Corporation is close finalizing a deal with with the top shareholder in Pirelli that could see it take control of the company, two sources familiar with the matter. According to the sources, China National Chemical is dsicussing a strategic alliance with the shareholders of Camfin S.p.A. Camfin said it was in talks with "an international industrial partner" to sell its stake in Pirelli at a price of €15 per share - valuing Pirelli & C. SpA (BIT:PC) at €7.1 billion and when the sale of the stake is complete, a takeover offer for the rest of Pirelli would follow. Pirelli’s shares were up 5.6%.

Similar Private Companies By Industry

Company Name Region
A.S.T. Apparecchi Di Sicurezza E Tenuta SPA Europe
Abazia S.p.A. Europe
Acerbis Italia Spa Europe
ADLER EVO, Srl Europe
Adler S.p.A. Europe

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

The information and data displayed in this profile are created and managed by Capital IQ, a Standard & Poor's company. Bloomberg.com does not create or control the content. For inquiries, please contact Capital IQ directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
The Advertising Council, Inc. United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact CAMFIN S.p.A., please visit www.gruppocamfin.it. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.