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The BRAKE Report
Home » Automotive » Brembo Raises Stake in Pirelli to 4.99 Percent
Automotive

Brembo Raises Stake in Pirelli to 4.99 Percent

The Brake ReportBy The Brake ReportJuly 29, 2020Updated:July 30, 2020No Comments1 Min Read
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Source: Nasdaq post

MILAN, Italy – Italian brake maker Brembo BRBI.MI said today it had increased its stake in tiremaker Pirelli to 4.99 percent and added it had “completed the acquisition process”, without giving further details.

In a surprise move in March, Brembo announced it had bought a 2.43 percent stake in Pirelli with “a non-speculative, long-term approach”.

Pirelli was not immediately available for comment.

Related posts:
Brembo Takes Stake in Pirelli
Pirelli CEO Slams Brakes on Talk of Brembo Merger

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The BRAKE Report is an online media platform dedicated to the automotive and commercial vehicle brake segments. Our mission is to provide the global brake community with the latest news & headlines from around the industry.

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The BRAKE Report is an online media platform dedicated to the automotive and commercial vehicle brake segments. Our mission is to provide the global brake community with the latest coverage of news & insights from around the industry.

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