Deals
Tronchetti Boosts Stake in Tiremaker Pirelli as Silk Road Exits
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Pirelli & C. SpA Executive Vice Chairman Marco Tronchetti Provera increased his holding in the Italian tiremaker after China’s Silk Road Fund Co. sold off its stake.
State-backed Silk Road sold about 9% for €520 million ($561 million) at around a 7% discount to Wednesday’s closing price.