Skip to content
Subscriber Only

Italy Becomes China Favorite Place for Deals With Pirelli

The Pirelli tire factory in Jining, China.

The Pirelli tire factory in Jining, China.

Photographer: Keith Bedford/Bloomberg
Updated on

Italy has become China’s favorite destination for takeovers.

With ChemChina’s planned purchase of the iconic tiremaker Pirelli SpA, acquisitions by the country in Italy total almost $14 billion in the last 12 months, according to data compiled by Bloomberg. That ranks Italy ahead of the U.S and the U.K.