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Why Pirelli Shares Fell Sharply After Grizzly Research Report
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Is Pirelli hiding Russia profits? Short-seller report triggers crash
In a newly published report, Grizzly Research questioned whether the prominent tire manufacturer is hiding the true extent of its profits in the region. According to Russian corporate filings obtained by the short-seller, an estimated 10% of Pirelli’s net profit actually stems from its Russian operations, News.Az reports, citing Reuters. This figure stands in stark contrast to Pirelli’s official financial disclosures. In its May quarterly report…
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