UPDATE 1-Pirelli, Continental in talks on Romanian venture

Newswire

(Releads, adds Romanian foreign investment agency statement) FRANKFURT/BUCHAREST, Sept 27 (Reuters) - Tyremakers Pirelli of Italy and Continental AG of Germany plan to set up a joint venture in Romania and to invest 40 million euros ($49 million) in three years, officials said on Monday. "There are discussions and negotiations going on, but nothing has been decided yet," a Continental spokesman said, confirming a report on the venture by Romania's Mediafax agency. Romania's Agency for ...

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