Category Archive: Industrials

CHEMCHINA AND PIRELLI: WHO WANTS TO BE NEXT?

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China National Chemical Corp, also known as ChemChina, agreed to buy Pirelli (PECI.MI), the world’s fifth-largest tyre maker, in a € 7.1 billion ($7.7 billion) deal. This operation will put the 143-year-old Italian… Continue reading

FINMECCANICA SELLS ANSALDO TO HITACHI FOR MORE THAN $2 BILLION

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Hitachi, a Japanese conglomerate, will pay €773 million ($850 million) for Finmeccanica’s 40% stake in Ansaldo STS: under Italian law, this type of operations requires a mandatory tender offer in order to be… Continue reading

SAMSUNG SELLS CHEMICAL AND DEFENCE STAKES TO HANWHA

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Last week Samsung decided to sell shares in Samsung General Chemicals and Samsung Techwin for $1.72 billion dollars USD (all figures in USD). The deal was the first time that Samsung sold affiliates… Continue reading