ChemChina's Pirelli buy backed by JP Morgan

JP Morgan to provide €6.8 billion debt facility for ChemChina's purchase of Italian tyre maker Pirelli

ChemChina's Pirelli buy backed by JP Morgan
China National Chemical Corp's ChemChina takeover bid for Italian tyre group Pirelli is being bankrolled by a 6.8 billion $7.3 billion bridge loan from JP Morgan, a source familiar with the matter told FinanceAsia on Monday.
State-owned ChemChina said it signed an agreement on Sunday to buy an initial 26.2% stake in Pirelli for 1.8 billion from investment vehicle Camfin. The deal gives Pirelli an enterprise value of...

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