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Private placement talk boosts Pirelli shares (Tronchetti: tratto con le banche per cedere una fetta di Pirelli Tyre).

Europe Intelligence Wire

| July 15, 2006 | COPYRIGHT 2006 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From La Stampa)

As Pirelli shares began to climb steeply yesterday in Milan, stock market regulator Consob requested a statement from the Italian industrial group, which confirmed that it was in talks with several banks with regard to the private placement of shares in its tyre division, Pirelli

Tyre. No details were officially unveiled, but it is believed that a stake of 35 per cent is being sold off ...

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