Bekaert €255 million acquisition of Pirelli Tyres' steelcord business

27/3/2015

Private acquisition

Value:

€ 255 million

Dollar value:

$ 282 million

Status:

Completed

Date:

27/3/2015

Overview:

Belgian wire company Bekaert has completed its €255 million acquisition of the Pirelli Tyres steelcord business.
Pursuant to the deal, Bekaert will provide Pirelli with tire cord.
Pirelli's steelcord plants are spread out in Italy, Romania, Turkey, and China.

Jon Moore - Journalist

Jurisdictions:

Belgium
Italy

Deal type:

Private acquisition

Practice area:

M&A

Industry sector:

Industrials and manufacturing

Firm:

Cleary Gottlieb Steen & Hamilton

Party: Bekaert (Acquirer)

Lawyer: Laurent Legein

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