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Italian Banks Reportedly Selected to Lead Pirelli IPO

(Akron/Tire Review) Italian banks Mediobanca and Banca Intesa will likely be chosen to lead the initial public offering (IPO) of Pirelli’s tire unit, according to a Reuters report, though an official decision has not yet been made.

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Goldman Sachs will advise on the deal, the report stated. Sources also suggested that the Pirelli tire unit could be listed by this summer.

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