trending Market Intelligence /marketintelligence/en/news-insights/trending/s4q43dpne1nlfro0tm0tbq2 content esgSubNav
In This List

Pirelli exits Venezuela

Blog

Japan M&A By the Numbers: Q4 2023

Blog

Essential IR Insights Newsletter Fall - 2023

Case Study

A Corporation Clearly Pinpoints Activist Investor Activity

Blog

2023 Big Picture: US Consumer Survey Results


Pirelli exits Venezuela

Italian tire maker Pirelli & C. SpA said Sept. 7 that it is closing its factory in the city of Guacara in Venezuela, effectively ceasing all its activities in the Latin American country.

The move follows Pirelli's deconsolidation of its Venezuelan arm on Dec. 31, 2015 under an agreement that was reached with a consortium of South American entrepreneurs and Sommers International, which bought the unit.

Pirelli said the move has no financial impact on the group.