Pirelli, Piaggio listings face jaded investors

Newswire

By Gilles Castonguay MILAN, June 23 (Reuters) - Italy's Pirelli and Piaggio are driving forward with their respective plans for stock market listings despite a global downturn in equity markets, but they are not likely to fetch top price. Scooter-maker Piaggio, and Pirelli, which is listing its tyre division, rank among Italy's most famous manufacturers, but face investors who have become more demanding since a recent sharp fall in stock market prices. "There is a flight to quality," ...

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