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19

Rosneft Entities Will Enter Pirelli Joint Stock Capital

Within the framework of a working visit of Rosneft President, Chairman of the Management Board Igor Sechin to the Far East, he held negotiations with Pirelli top management with the participation of Marco Tronchetti Provera, Pirelli & C. S.p.A. CEO.

Rosneft Entities Will Enter Pirelli Joint Stock Capital Rosneft Entities Will Enter Pirelli Joint Stock Capital

Within the framework of a working visit of Rosneft President, Chairman of the Management Board Igor Sechin to the Far East, he held negotiations with Pirelli top management with the participation of Marco Tronchetti Provera, Pirelli & C. S.p.A. CEO.

 

The parties discussed issues related to the expansion of cooperation in the region of synthetic rubber production in Nakhodka and further supplies (within Far East Petrochemical Company project). The parties also reviewed the strategy of further project development on sales and marketing in Russia.

 

The strategic relationship of the companies and noted progress in implementation of projects in Russia provide room for expansion of cooperation in the world market, where both companies, being international players, have firm position.

 

As previously reported, Rosneft entities cooperate with Camfin S.p.A (shareholder of 26.19% of Pirelli & C. S.p.A) to enter Pirelli joint stock capital. At the moment appropriate corporate actions have been taken, the transaction arranged, and it can be carried out obtaining the approval of the regulatory agencies.

Source : Neftegaz.RU