Brembo Takes Stake in Pirelli

Source: Brembo release

CURNO, Italy – Brembo, a world leader in the design, development and production of braking systems, today announced that it holds an interest in Pirelli, a major consumer tire company.

The release states, “By adopting a long-term non-speculative approach, Brembo has autonomously decided to invest in Pirelli, whose history, brand, leading position and innovation-oriented approach makes it, just like Brembo, an excellent and particularly significant company in its industry.”

As at today’s date Brembo, both directly and through its parent company Nuova FourB, holds a 2.43 percent stake in Pirelli.

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