Company Overview of CAMFIN S.p.A.
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
Founded in 1915
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
Mar 21 15
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
Mar 20 15
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%.
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