From Staff & Wire Reports
AFX is reporting that Pirelli SpA is in discussions with several banks to consider options “to enhance the value” of its tire operations.
Pirelli told AFX that no decisions have been made, despite reports that a group of banks is looking to buy a 35% share of Pirelli’s tire unit. Pirelli was going to spin the group off in an IPO last month, but the company pulled the plug on the stock offering.
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