Pirelli sees deal reached on repurchase of tyre business stake within a month |
|
|
|
Published
:
Wed, 28 Nov 2007 08:58
|
MILAN (Thomson Financial) - Pirelli & C SpA expects to reach within a month a deal on the repurchase of a 39 pct stake in its tyre business from a pool of banks, the daily Il Sole 24 Ore said citing chairman Marco Tronchetti Provera.Tronchetti Provera added that the conditions for an agreement exist and the deal could be finalised in February.Pirelli sold the stake in Pirelli Tyre last year for 740 mln eur. The banks are not expected to sell before February due to tax reasons.philip.webster@thomson.compw/jfrCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
|
|
|
|
|
|
|
| Stock
Quotes * |
|
NASDAQ
|
|
2228.87 |
+19.98 (
0.90 %)
|
| SYMBOL (
2010-09-08 ) |
| LAST |
CHANGE
|
|
XSTRATA
(
11:35am )
|
|
1102.00 |
+32.00 (
3.00 %)
|
|
KAZAKHMYS
(
11:38am )
|
|
1276.00 |
+30.03 (
2.44 %)
|
|
LONMIN
(
11:35am )
|
|
1612.00 |
+26.00 (
1.64 %)
|
| SYMBOL (
2010-09-08 )
|
| LAST |
CHANGE
|
| SYMBOL (
2010-09-08 )
|
| LAST |
CHANGE
|
|
GOOGLE
(
4:00pm ) |
|
470.58 |
+6.18 (
1.33 %)
|
|
|
Print this Story
Pirelli shareholder asks co to focus on tyres, property ops - report 