Czech Investor Michael Strnad Acquires Stake in Pirelli

Czech arms tycoon Michael Strnad has expanded his holdings by acquiring a stake in the Italian tire manufacturer Pirelli. This move marks a significant investment by Strnad in the automotive sector.

31 Jul, 11:48 — 31 Jul, 11:48

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bloombergHigh8h ago

Czech Arms Tycoon Expands Holdings With Pirelli Stake Purchase

Czech billionaire Michal Strnad became one of eastern Europe’s wealthiest individuals thanks to the blockbuster listing of his defense company earlier this year. Now, the 33-year-old arms tycoon is putting some of those proceeds to work by taking a 14% stake in Pirelli SpA, one of Italy’s corporate crown jewels.

By Michal Kubala

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First report: bloomberg · 31 Jul, 11:48|Full coverage: 2 · 51m|Window: 51m

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bloomberg31 Jul, 11:48First to report

Czech Arms Tycoon Expands Holdings With Pirelli Stake Purchase

faz31 Jul, 12:39Latest update

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Czech Investor Michael Strnad Acquires Stake in Pirelli

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Czech Arms Tycoon Expands Holdings With Pirelli Stake Purchase

Coverage Timeline

Czech Arms Tycoon Expands Holdings With Pirelli Stake Purchase

Michael Strnad: Tschechischer Investor steigt bei Pirelli ein

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