Pinarello set to be bought by billionaire former mining firm boss

Glencore share holder and keen cyclist Ivan Glasenberg set to take majority stake, according to reports

Image shows a Pinarello F7 road bike
(Image credit: Future)

Historic Italian bike brand Pinarello is close to being sold to billionaire former mining firm boss Ivan Glasenberg, according to reports.

Glasenberg holds a 10% stake in international mining company Glencore, where he was in charge for nearly two decades before he retired in 2021.

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