Aeolus Tyre terminating acquisition of Pirelli's Prometeon Tyre Group

摘要

Chinese tire major Aelous Tyre Co. Ltd announced that it is ending its pending acquisition of a 90% stake in the former commercial tire unit of the Italian tire and cables giant Pirelli & C. S.p.A. It has been compelled to end the $275 million deal as the necessary approval for the overseas purchase was not granted in time by the Chinese government.