Pirelli acquires major tire division stakeholder

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Pirelli & Cie SpA has acquired the complete share capital of Speed SpA, which owns 38.9% of the company's Pirelli Tyre division.

Pirelli recently sold its remaining stake in Intek SpA to Quattroduedue Holding BV for five million euros.

Pirelli's stake in Intek, an Italy-based industrial development company, equaled 1.7% of the firm's total common shares.

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