4.99% of Pirelli’s share capital between Brembo and New FourB
“Pirelli-Brembo? There is no hypothesis of merger “. End of speculation. Word of Alberto Bombassei. With the’European Union which has set precise timelines for the switch to the electric car and after late last year the executive chairman of Brembo Michele Tiraboschi, to whom Bombassei has just passed the proxies, had lifted the veil on the possibility of creating a player tricolor ofautomotive very respectable through the union of Brembo, Pirelli and Magneti Marelli (before the sale of the latter by dthe Fca to the Japanese of Calsonic Kansei), on the market it has returned to point the eyes on Pirelli’s 4.99% in portfolio, directly and indirectly through the holding New FourB of the Bombassei family which holds the controlling stake (69.7%) of Brembo, of the Bergamo company world leader in high-end four-wheeler brakes.
The emeritus president of Brembo Alberto Bombassei
But to a question of Affaritaliani.it on the dossier BUT in the component sector automotive, the founder Alberto Bombassei clears the field of suppositions. With Pirelli “there is no merger hypothesis. There is a good cooperation, but we are shareholders only”, Explained the former vice president of Confindustria during the Pirelli celebrations for the 150th anniversary of the foundation of the Bicocca company at Piccolo Teatro Strehler from Milan.
On the project of building a integrated group of advanced braking systems also capable of rendering ever more efficient electric cars e green, have worked in the past several investment banks and according to financial analysts of Equity from an industrial point of view there would be limited cost synergies, but great commercial advantages and of R&D.
After suspending the distribution of coupons in 2020, Brembo and its founder have built their position in the capital of the group headed by Marco Tronchetti Provera in two moments: ad April 2020 buying the 2.43% it’s at end of July of the same year, going up and stopping within a whisker of 5%. From stock exchange hypothesis, the Brembo-Pirelli wedding Will they ever come true? Brembo has little growth potential if it remains confined to its sector. And as she stated herself, she needs to grow to make the leap in quality. If it is not the Bicocca, the aims will be directed elsewhere.
@andreadeugeni
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