Pierelli finalizes sale to Becaert of its Steelcord plant in China
This follows the transfer from Pirelli to Bekaert of steelcord plants in Figline (Italy), Slatina (Romania), Sumar? (Brazil) and Izmit (Turkey). The first three were announced on December 18th, 2014 and the fourth on February 6th, 2015.
As stated to the market on February 28th, 2014, when the operation was announced, the enterprise value for the 100% of the steelcord activities has been confirmed at 255 million euro.
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