Brazil: Pirelli to acquire 60% of Campneus

Pirelli has announced it has signed an agreement to acquire 60% of Campneus Líder de Pneumáticos Ltda, one of Brazil's major tyre distribution networks, for around Real 54m (US28.8m), subject to adjustment on the basis of the asset situation on the closing date. The agreement is subject to approval by Subscribe to Automotive World to … Continued

• By Webmaster
• April 23, 2012