Italy CIR says to spin off, list non-media units

Newswire

MILAN, July 31 (Reuters) - Italian industrial holding CIR plans to spin off its non-media units and bundle them into a new company to be listed on the Milan bourse, it said on Thursday. Confirming a press report in daily La Stampa, CIR said the new company would comprise its businesses in the areas of utilities, auto componenents, healthcare and financial services. CIR said it would keep a controlling stake in publisher Gruppo Editoriale L'Espresso . "The spin-off reflects the board of ...

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