Is Pirelli Planning IPO For Tire Unit? - Tire Review Magazine

Is Pirelli Planning IPO For Tire Unit?

(Akron/Tire Review) Multiple news reports say that Pirelli SpA is looking to spin off its tire unit as a separate entity, and launch an initial public offering of stock.

Forbes.com reported today that Goldman Sachs will likely be appointed to handle the IPO.

News speculation in Milan says the Italian tire and telecommunications giant planned to separate its global tire operations into a standalone company. Pirelli has not commented on those reports, though.

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