Brembo raises stake in Pirelli to nearly 5%

MILAN — Italian brake maker Brembo said it would not buy additional shares in tiremaker Pirelli after increasing its stake to almost 5 percent. Brembo, which makes brakes for automakers including Ferrari and Tesla as well as several Formula One teams, said it now held a 4.99 percent stake in Pirelli, both directly and indirectly through its Nuova FourB parent company, and that it had completed the purchase process.

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