China National Chemical Corporation has reached an agreement with the controlling shareholders of tyremaker Pirelli with the aim of undertaking a €7bn takeover of the Italian group and delisting it from the Milan stock exchange.

http://www.ft.com/intl/cms/s/0/b0bd4680-d0c8-11e4-982a-00144feab7de.html?ftcamp=crm/email/2015323/nbe/GlobalBusiness/product#axzz3VHqEjNZa
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