The “Consorzio Approvvigionamenti Metallurgici e Meccanici” was founded in 1915, operating in the iron and steel and metallurgical sectors, managing the purchase of raw materials on behalf of its shareholders.

In the late 1930s the company also started marketing liquid energy products. In the early 1950s, Silvio Tronchetti Provera began to manage the company on behalf of the Falck Group, where he was also a manager.

In 1965 Silvio Tronchetti Provera, who had in the meantime become a shareholder, was appointed as Chairman.

At the start of the 1970s, partly due to the global oil crises and the increased value of oil, energy was chosen as the company’s core business.

In the early 1980s the Tronchetti Provera family acquired control of the company. In the same period, the corporate structure differentiated with Camfin S.p.A. acting as the financial front-end, and Cam Energia e Calore S.p.A. handling operational management. This was the start of the company’s journey into Italian finance as a holding company.

In July 1986 Camfin was listed on the Milan Stock Exchange.

In 1994 Camfin divested its industrial raw materials division and focused its business model on the energy sector and its shareholding in Pirelli&C.

In 2013 Camfin's shares were delisted following a takeover bid by Lauro 61, a corporate vehicle owned by the Marco Tronchetti Provera family, the Clessidra Group, Intesa Sanpaolo and Unicredit.

In 2015 Camfin and China National Chemical Corporation (ChemChina) finalised a long-term partnership which, through the vehicle Marco Polo Industrial Holding, led to the launch of a takeover bid on Pirelli & C. S.p.A., whose shares were delisted in November 2015.

In 2017 as part of the industrial project that led Pirelli to focus on the Consumer segment, Camfin and Chemchina launched a new listing of Pirelli on the Italian Stock Exchange, which was finalised in October 2017.

In 2020, Camfin entered into a partnership with Longmarch Holding s.r.l., establishing the subsidiary Camfin Alternative Assets.

In 2024 and January 2025, Camfin and Camfin Alternative Assets acquired a stake of approximately 0.7% and 7.9%, respectively, of Pirelli & C.'s share capital. These acquisitions gave Camfin an overall direct and indirect share of around 22.7%.

Today Camfin holds a total of 22.7% of Pirelli& C. S.p.A.: 14.82% directly and about 7.88% indirectly through its subsidiary Camfin Alternative Assets.

In addition to the stakes in Pirelli held by Camfin and Camfin Alternative Assets, both controlled by Marco Tronchetti through Marco Tronchetti Provera & C. S.p.A., there is also the 3.68% of Pirelli held by Longmarch Holding S.r.l., also controlled by Marco Tronchetti Provera.

Overall, Marco Tronchetti Provera's shareholding in Pirelli is 26.38% of Pirelli & C.