Pirelli: Camfin Alternative and Longmarch’s stakes secured until 2040

"Strengthened role of long-term shareholders" in the Mtp-Camfin group

Marco Tronchetti Provera & C. spa and Camfin, which sit at the top of the corporate structure of Pirelli’s Italian shareholders, have secured the Pirelli shareholdings held through Camfin Alternative Asset and by Longmarch for a further five years, i.e. until 2040.
The boards of directors of Mtp & C spa, Camfin Alternative Asset (51% Camfin, 49% Longmarch, owned by the Niu family), Longmarch Holding Srl (51% Mtp and 49% Longmarch) and Camfin have resolved to propose to the general meetings of CAA and Longmarch that their respective articles of association be amended to extend by five years – from 30 June 2035 to 30 June 2040 – the date from which shareholders may request the dissolution of the companies.

Marco Tronchetti Provera Spa currently holds a 26.48% stake in Pirelli, of which 15.52% is held through Camfin, 7.56% through Camfin Alternative and 3.39% through Longmarch.

The decision to extend the term to 2040, the statement explains, reflects the intention of Camfin, Mtp Spa and the other shareholders of CAA and Longmarch “to further strengthen their role as stable, long-term shareholders of Pirelli, reaffirming their confidence and commitment to supporting the company’s industrial projects”.

The resolutions adopted are “in line with MTP Spa/Camfin’s intention to increase its stake in Pirelli to a maximum of 29.9%” – as resolved by the boards of directors of MTP Spa, Camfin and CAA on 2 October 2024 – to which the purchases made in recent days through CAA are attributable.