RPT-UPDATE 1-Pirelli H1 profit rises, approves tyre stake sale


(Repeats for system reasons) MILAN, July 27 (Reuters) - Italian diversified group Pirelli reported a 6.7 percent rise in first-half operating profit on Thursday, driven by higher sales at its tyre unit. Pirelli also approved plans to sell 39 percent of its tyre business to a group of banks for 740 million euros ($943.2 million), valuing the unit at about 1.9 billion euros. Earnings before interest and tax (EBIT) rose to 216 million euros as sales increased 7.2 percent to 2.4 billion ...

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