Pirelli Completes Group Buyback

Pirelli SpA has closed its repurchase of its tire group, buying out the remaining 19.19% owned by Speed SpA.

Speed SpA is a consortium of investment banks that purchases a 38.9% share in Pirelli’s tire operations. Earlier this year, Pirelli agreed to reacquire that stake from Speed for an estimated 835.5 million euros.

• Pirelli range of tyres