27 May 2014 07:00
With the Participation of Rosneft Strategic Investments for the Acquisition of Pirelli & C. S.p.A. were Attracted
Rosneft attracted strategic investments of pension capital funds and financial institutions on principles similar to project financing in the ambit of the development of the Italian company. An agreement was signed that envisages the acquisition from an international consortium of banks including Unicredit, Intesa, Clessidra fund a 50% share in the company, holding a 26,19% stake of Pirelli & C. S.p.A.
The deal criteria are determined on the basis of 12 euro per share price. The closing of the deal, including the transfer of ownership for the shares and the changes in the BoD of Pirelli & C. S.p.A., will come off upon the approval of regulatory agencies and in accordance with the Italian, European and Russian law.
By providing the closing of the deal Rosneft strengthens ties with Pirelli & C. S.p.A. within the already entered engagements and the realization of plans of both companies for the expansion of joint Russian and international projects.
Rosneft Information Division
Tel.: + 7 (499) 517-88-97
May 26, 2014
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