Rosneft buys Pirelli stake

Rosneft buys Pirelli stake: Rosneft has become the largest shareholder in Pirellis after it paid around €500m to acquiring a 50% stake in its Camfin holding company. Rosneft has also agreed to look at developing its synthetic rubber production business in the Far East city of Kakhoda for use in Pirelli tyres. ITAR-TASS