· China National Chemical Corporation plans to acquire 26% stake in Pirelli
According to British media reports, Camfin, the largest shareholder of Italian tire manufacturer Pirelli, is negotiating to sell its 26% stake in Pirelli to a consortium led by China National Chemical Corporation. Sealed Bearings: The axle of the bike pedals 9/16 inches which is made of chromoly steel, with Lubricated sealed bearings Platform Pedals(high-quality bearings). Sealed bearing Bicycle Pedals protect spindles from water and dust which will cause noise and other problems, let you enjoy cycling in raining or climbing. City Bike Pedals,Non-Slip Bicycle Pedal,Aluminum Axles Pedal,Ball Bearing Bicycle Pedal Shenzhen Gineyea Technology Co., LTD. , https://www.gineyea.com
Once the transaction is completed, the consortium may also initiate an acquisition of the remaining shares of Pirelli, and the total purchase price may reach 7 billion euros.
In a statement, Camfin only confirmed that it was negotiating for an “international industrial partnerâ€. However, according to people familiar with the situation, Camfin plans to sell all of its 26% stake in Pirelli to a new investment consortium at a price of 15 euros per share, and China Chemical will play an important role in the consortium.
In the past year, Chinese investors have rushed to Italy and acquired shares in a number of well-known companies, including Fiat Chrysler Automobiles, Telecom Italia, Italy's second-largest bank Mediobanca, cable giant Prysmian, energy giant Eni Group and Italian National Power Company.
In July 2015, China State Grid announced a 2 billion euro acquisition of 35% of the Italian deposit and loan energy network company, the transaction was completed in November last year. In addition, Chinese investors are also eyeing Italian infrastructure assets, including the port system in Venice.
Non-Slip surface:the bicycle pedals are made of aluminum alloy. Using new style of reverse installation anti-slip nail offers plenty of grip and stability.
The bike pedal is extremely durable, resistant , slide smoothly.It could work for a long lasting smooth operation.
Quick replacement: saves you time and energy.Even if they are covered with a thick layer of mud after a muddy ride, you don't worry your feet slipping off the pedals, makes your ride easy and stress-free.