According to foreign media reports, Pirelli recently revealed that the acquisition of Pirelli by China National Chemical Corporation will take effect on June 1 at the administrative and judicial level.
China National Chemical Corporation invested in the establishment of Marco Polo Industrial Holding Co., Ltd. and completed the acquisition of Pirelli through Marco Polo Industries.
According to the report, from the technical point of view, the merger will take effect, which will have a substantial impact on Pirelli and Marco Polo Industries.
On May 6, Pirelli said in the first quarter earnings report that the company's shareholders' meeting approved the merger and launched a series of decisions to speed up the merger process.
This included the absorption of several China National Chemical Corporation and related Chinese people to become Pirelli's new directors.
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