FLIC
Bloomberg
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.
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