who is the billionaire with a passion for triathlon – Corriere.it
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Billionaire Ivan Glasenbergformer CEO of Anglo-Swiss mining giant Glencore, ready to buy the historic Treviso-based luxury sports bike company Pinarello. This is the press indiscretion relaunched by Messenger according to which after many suitors the company, controlled by L Catterton, who has put it up for sale since the beginning of the year, has finally found a buyer. Glasenberg would thus have beaten the Belgian fund Rivean or the Dutch giant Accell who have long been interested in the Treviso-based company.
The company
Cicli Pinarello, officially born in 1952 and with a turnover of 84 million from 50 in 2015, is an authority in the world of sports bikes with models that can cost up to 20 thousand euros. In December 2022, when the L Catterton fund’s intention to sell its 79% was communicated, the son of the founder and president Fausto Pinarello, had also advocated the idea of buying back the group given that it holds a minority stake of 19, 79% but the operation had not gone through. After all, Glasenberg could invest significantly in the company which, according to industry experts, could be worth around 150 million euros.
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