CORRECTED - UPDATE 1-Pirelli pulls listing plans for tire business


Corrects in fifth paragraph that Pirelli controls Telecom Italia through Olimpia. Corrects Pirelli needing cash to buy out Hope rather than Telecom Italia in next-to-last paragraph. (Adds details) MILAN, June 30 (Reuters) - Italy's Pirelli has decided against listing its tire business on the market, the latest company to abandon plans of a public offering due to weak investor demand following last month's market downturn. In a statement issued on Friday, Pirelli blamed poor market ...

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