Pirelli to offer 40% share capital in IPO
Plans to return to the Milan stock exchange by October
On 1 September, Italian tire-maker Pirelli, which was acquired by state-owned China National Chemical (ChemChina) two years ago, filed an application on Borsa Italiana to list itself on the stock exchange by the fourth quarter this year by selling up to 40% of its share capital in an initial public offering (IPO), according to a press release by the tire-maker.
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