Bekaert to acquire steel cord activities from Pirelli  [ Belgium ]

N.V. Bekaert S. A. has reached an agreement with Pirelli & C. SpA for the acquisition of Pirelli's steel cord activities. The deal has an enterprise value of EUR 255 million. As part of this transaction, Bekaert and Pirelli will enter into a long-term supply agreement of tire cord to Pirelli. The acquisition agreement includes the purchase by Bekaert of Pirelli's steel cord manufacturing si...