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Pirelli & C. S.p.A. (PIRC.MI)
| Previous close | 5.56 |
| Open | 5.63 |
| Bid | 5.61 x 0 |
| Ask | 5.61 x 0 |
| Day's range | 5.61 - 5.67 |
| 52-week range | 4.01 - 6.31 |
| Volume | |
| Avg. volume | 2,205,421 |
| Market cap | 5.616B |
| Beta (5Y monthly) | 1.25 |
| PE ratio (TTM) | 12.21 |
| EPS (TTM) | 0.46 |
| Earnings date | 01 Aug 2024 |
| Forward dividend & yield | 0.20 (3.56%) |
| Ex-dividend date | 24 Jun 2024 |
| 1y target est | 6.50 |
- Investing.com
Pirelli shares slip after China's Silk Road Fund reportedly sells stake
Investing.com -- Milan-listed shares in Pirelli (BIT:PIRC) sank on Thursday after China's state-backed Silk Road Fund reportedly sold off its 9% stake in the Italian premium tiremaker and Executive Vice Chairman Marco Tronchetti Provera raised his holding.
ReutersPirelli investor Camfin boosts stake as Chinese fund offloads 9%
MILAN (Reuters) -Camfin, the second-largest investor in Pirelli, has increased its stake to 22.8% as China's Silk Road Fund sold its 9% interest in the Italian premium tyre maker. Camfin, the vehicle of Italian businessman Marco Tronchetti Provera, said on Thursday it bought a 2.2% stake, strengthening its role as a stable shareholder and reiterating its commitment to supporting the group's industrial projects. Tronchetti Provera, who has led the tyre maker since 1992, is now the executive vice chairman.
ReutersPirelli to focus on new materials, connectivity for future M&A strategy
MILAN (Reuters) -Italy's Pirelli sees M&A opportunities in new materials and connectivity, its CEO said on Wednesday as the company updated its business plan to 2025, focused on an effort to strengthen its leadership in high-value tyres. Chief Executive Andrea Casaluci told analysts Pirelli could accelerate its M&A strategy in the future. "This is opening up opportunities to increase the percentage of biobased and recycled materials, not only natural rubber".
