ChemChina to buy Italian tire maker Pirelli in $7.7 billion deal

MILAN (Reuters) - China National Chemical Corp (ChemChina) is to buy Pirelli , the world's fifth-largest tire maker, in a 7.1 billion euro ($7.7 billion) deal that will place one of the symbols of Italy's manufacturing industry in Chinese hands.

from Reuters: Business News http://ift.tt/1G2nbPL