PREVIEW-Pirelli board to clear real estate spinoff

Newswire

* Pirelli, Pirelli RE to hold board meetings May 4 * Pirelli seen distributing 56 pct Pirelli RE stake * Spin-off makes Pirelli pure tyre play, removes discount * Pirelli RE faces share overhang, search for partner By Nigel Tutt MILAN, April 30 (Reuters) - A spin-off of Pirelli & C SpA's real estate unit set to be approved by the group's board on Tuesday will leave investors with a more focused tyre stock which could attain a higher stock market rating. Long expected by ...

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