Italian companies and their difficulty with the truth

Tuesday, 18 March 2014, 12:34 am

Interesting to see Pirelli and Rosneft announce this morning the Russian gas giant has acquired a significant stake in the tyre group's holding company.

Back in January I came across a story about Rosneft and Goldman Sachs's private equity unit teaming up to back a management buy-out of Pirelli.

I checked the story out with Rosneft, Goldman Sachs (neither of whom commented) and Pirelli's spokesperson, who vehemently denied to the tale...

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