GO
Loading...

Enter multiple symbols separated by commas

Auto Components Tires and Rubber

More

  • Outbound Chinese buyers confounding the doubters Thursday, 26 Mar 2015 | 5:00 PM ET

    *Chinese companies snap up $391 bln of foreign assets in decade. HONG KONG, March 27- ChemChina, which could soon face the task of integrating Italian tyre-maker Pirelli after its $7.7 billion bid, can take heart in the knowledge that Chinese buyers have made a decent fist of growing global brands in recent years. Success stories include the landmark 2004 purchase...

  • MILAN, March 25- Italian tyre maker Pirelli, which is being bought by China National Chemical Corp, does not plan to pay a special dividend to its shareholders as part of the buyout plan, two sources with direct knowledge of the matter said. ChemChina is to buy into the world's fifth-largest tyre maker in a 7.3 billion-euro deal, agreed with Pirelli's biggest...

  • *China has the capital, Italy the brands- says banker. MILAN, March 23- After years of economic decline, Italy has become a hunting ground for Chinese companies keen to take control of prized but cash-strapped corporate names such as Pirelli, and they are no longer investing from the back seat. "The Chinese have the capital, Italy has the brands, the products and the...

  • *Pirelli rises after takeover bid from ChemChina. LONDON, March 23- European shares slipped from multi-year highs on Monday, with car stocks hurt by a rise in the euro and lingering worries over Greece leading investors to book profits. Traders said that lingering uncertainty over Greece was also pegging back European stock markets.

  • *Agreement is latest Chinese acquisition in Italy. MILAN, March 22 (Reuters)- China National Chemical Corp (ChemChina) is to buy into Pirelli, the world's fifth-largest tire maker, in a 7.1 billion-euro ( $7.7 billion) deal that will put the 143- year-old Italian company in Chinese hands. The deal agreed with Pirelli's top shareholders on Sunday is the latest in a...

  • *Agreement is latest Chinese acquisition in Italy. MILAN, March 22- China National Chemical Corp is to buy Pirelli, the world's fifth-largest tyre maker, in a 7.1 billion-euro deal that will put the 143- year-old Italian company in Chinese hands. The deal agreed with Pirelli's top shareholders on Sunday is the latest in a series of takeovers made in Italy by...

  • Pirelli rises after takeover bid from ChemChina. Shares in Pirelli outperformed, rising 2.5 percent after China National Chemical Corp agreed to buy the Italian tire maker in a 7.1 billion euro deal. The acquisition, agreed with Pirelli shareholders on Sunday, will see state-owned ChemChina take over the world's fifth-largest tire maker and one of the...

  • European shares slip from 7-1/2 year high Monday, 23 Mar 2015 | 5:06 AM ET

    *Pirelli rises after takeover bid from ChemChina. PARIS, March 23- European shares slipped on Monday, taking a breather following recent sharp gains, while shares in Pirelli rose 3.5 percent after China National Chemical Corp agreed to buy the tyre maker in a 7.1 billion euro deal. The acquisition, agreed with Pirelli shareholders on Sunday, will see state-owned...

  • European shares pause; Pirelli rises after deal Monday, 23 Mar 2015 | 4:08 AM ET

    PARIS, March 23- European shares slipped on Monday, taking a breather following recent sharp gains, while shares in Pirelli rose 2.1 percent after China National Chemical Corp agreed to buy the tyre maker in a 7.1 billion euro deal. The acquisition, agreed with Pirelli shareholders on Sunday, will see state-owned ChemChina take over the world's fifth-largest...

  • *Pirelli shareholder Camfin says in talks with industrial partner. MILAN, March 20- China National Chemical Corp is close to becoming the biggest single shareholder in Pirelli in a deal that would trigger a 7 billion euro buyout of the Italian tyre company. Three sources familiar with the deal, which would be the latest in a string of Chinese investments in large...

  • *Pirelli shareholder says in talks with industrial partner. MILAN, March 20- China National Chemical Corporation is close to striking a deal with the top shareholder in Pirelli that could see it take control of the Italian tire company, two sources familiar with the matter said on Friday. Earlier on Friday Camfin said it was in talks with "an international...

  • *Pirelli shareholder says in talks with industrial partner. MILAN, March 20- Camfin, a key shareholder in Pirelli, said on Friday it was in talks with an international industrial partner to sell its 26.2 percent stake in the Italian tyre company. The investment firm said the deal under discussion envisaged the transfer of the whole of its stake in Pirelli to a new...

  • Italian boost sends European shares to 15-year high Thursday, 19 Mar 2015 | 2:01 PM ET

    *Pirelli, Enel boosts Italian index. LONDON/ PARIS, March 19- A broad index of European shares hit its highest level in 15 years on Thursday, led by Italian stocks thanks to sharp gains in tyre maker Pirelli and utility Enel. Shares in Enel rose 1.9 percent after it said it aims to raise profits and dividends over the next five years by focusing on emerging markets and...

  • MILAN, March 19- Shares in Pirelli jumped as much as 5 percent on Thursday after an Italian daily said the tyre maker was working on a revamp plan that includes taking an Asian partner, the launch of a buyout offer and the de-listing of the group. According to Corriere della Sera, Pirelli Chairman Marco Tronchetti Provera wants to bring on board an Asian shareholder...

  • Germany's Dax set for 9th weekly gain on euro boost Friday, 13 Mar 2015 | 5:13 AM ET

    *Commerzbank in relief bounce after fine. LONDON, March 13- Germany's Dax index was set for its longest streak of weekly gains since 1998 on Friday as traders added to their bets on an economic recovery in the euro zone, aided by a weak euro. Commerzbank was the top riser on the index as it rose 3.4 percent, with traders citing relief that a U.S. fine announced on the...

  • The European staples resisting Russia's downturn Thursday, 13 Nov 2014 | 2:20 AM ET
    A Carlsberg advertisement

    Fears that Russia's economic downturn will ravage European multinationals may have been overstated in some cases, with companies that sell beer and soap defying expectations.

  • Ebola panic may give these stocks a fillip Wednesday, 13 Aug 2014 | 6:35 PM ET

    Shares of Malaysia's latex glove makers have had a tough year so far, but some analysts expect panic over Africa's Ebola outbreak may spur gains.

  • Continental 'outgrowing its market': CFO Thursday, 31 Jul 2014 | 4:30 AM ET
    Continental 'outgrowing its market': CFO

    Wolfgang Schaefer, CFO at Continental AG, comments on the company's results and outlook, and discusses the impact the strong euro has had on the group's profitability.

  • Strong euro has consequences for Michelin: CEO Tuesday, 29 Jul 2014 | 4:10 AM ET
    Strong euro has consequences for Michelin: CEO

    Jean-Dominique Sénard, CEO of Michelin, comments on the group's Russian operations and says Europe needs to be more competitive to deal with moves in the euro currency.

  • Euro is a challenge: Continental CEO Thursday, 6 Mar 2014 | 4:30 AM ET
    Euro is a challenge: Continental CEO

    Elmar Degenhart, Continental CEO, says the group is optimistic on North America and Asia but expects currency headwinds to remain strong in 2014.