Announced
Financials
Sources
Tags
Private Equity
Pending
Friendly
Acquisition
Joint Venture
Majority
Private
Single Bidder
Saudi Arabia
car tires
Auto Parts
Cross Border
Synopsis
Public Investment Fund, a private equity firm, and Pirelli, a tire manufacturer, agreed to form a joint venture in a $550m deal. “Through this Joint Venture with Pirelli, PIF is building production capabilities in the automotive and mobility value chain and enhance opportunities for private sector contribution. This collaboration marks another pivotal milestone in our journey to diversify the economy, enhance sustainability and localize manufacturing capabilities in Saudi Arabia,” Yazeed A. Al-Humied, PIF Deputy Governor and Head of MENA Investments.
Search a database of more than 250,000 verified dealmakers
Receive automated updates on global transactions
Follow the activity, relationships and transactions of top dealmakers
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.