UPDATE 1-Italian brake maker Brembo sees few signs of slowdown
Posted on Thursday July 27, 2023

Premium brake maker Brembo posted a 12.7% increase in its half-year core earnings, driven by an automotive sector which remains robust at the top end of the market, its chairman told Reuters on Thursday. Executive Chairman Matteo Tiraboschi said Brembo retained solid pricing power, thanks to the high quality and high technological content of its brakes. "If I look at our business volumes for the coming months I hardly see any signs of a slowdown, at least in our segment of high-end applications," he said.

Italy's Brembo wary of getting dragged into Pirelli's China dispute
Posted on Wednesday June 21, 2023

Pirelli investor Brembo is worried about strains between the tyremaker's Italian and Chinese shareholders and is likely to steer clear of any plan to build an Italian majority in the company, two sources told Reuters. Last week, the Italian government intervened in a shareholder governance agreement at Pirelli, using so-called "golden power" legislation designed to protect key national assets. Rome's move will limit the influence of its largest investor, China's Sinochem which has a 37% stake.

Italy's Brembo to move to Amsterdam to increase M&A options
Posted on Tuesday June 20, 2023

Italy's Brembo is to move its legal headquarters to the Netherlands and strengthen its loyalty share scheme in a move aimed at increasing M&A opportunities, the premium brake maker said on Tuesday. The announcement follows similar moves by other major Italian companies, including Ferrari, Exor, Mediaset and Campari, to establish in the Netherlands to enjoy the benefits of the country's favourable loyalty share legislation. The new loyalty share scheme will ensure "a more solid shareholder base and higher flexibility in pursuing growth opportunities through acquisitions that can be made through the issue of new shares," the Italian group said in statement.

Posted on Wednesday December 31, 1969