Legal Business

Deal watch: Corporate activity in March 2015

CC, LINKLATERS AND LATHAM & WATKINS WIN KEY ROLES ON PIRELLI TAKEOVER

Advised by Clifford Chance (CC), China National Chemical Corporation bought tyre-maker Pirelli in a $7.7bn deal. The Chinese company acquired a 26.2% stake from Camfin, which was advised by Chiomenti, while Lombardi Molinari Segni handled financing aspects and Linklaters advised fellow investor Long Term Investments. Latham & Watkins advised underwriters JP Morgan.