(Tiper Stock Exchange) – Sinochem “has no plans to sell” its stake in Pirelli. That’s what the company says Marco Polo International Italythrough which the Chinese company controls the Italian tire manufacturer.
“The press article according to which Sinochem is evaluating the sale of its stake in Pirelli – informs a note – does not match the truth. sinochem has no plan to sell its stake in Pirelli”.
In the meantime, Pirelli shares are starting to close the session with a marked increase, but below the highs reached in the morning, when the rumors had bounced back in a whirlwind. The shares are currently trading at €4.96, up 4.57%. The short-term implications of Pirelli underline the evolution of the positive phase in the test of the Euro 5.071 resistance area. A descent to the bottom 4.84 is possible. A strengthening of the curve is expected on the test of new 5.302 targets.