MILAN- The Pirelli chief executive said on Wednesday he did not see Brembo's recent decision to buy a stake in the tyre maker as a hostile move and added that he was happy about the brakes maker's investment.
"I knew about the Brembo move when it was done. I don't see it as hostile," CEO Marco Tronchetti Provera said.
"They have trust in us, we're happy," Tronchetti added.
On Tuesday Brembo said it held 2.43% of Pirelli after deciding to buy a stake with a "long-term" approach.
(Reporting by Stephen Jewkes and Giulio Piovaccari; editing by Valentina Za) ((giulio.piovaccari@thomsonreuters.com; +39 02 6612 9743; Reuters Messaging: giulio.piovaccari.thomsonreuters.com@reuters.net))
