UPDATE 1-Pirelli hits accelerator on IPO, launches plan to cut debt

Newswire

(Adds details, context) MILAN, April 28 (Reuters) - Italian tyremaker Pirelli said on Friday it had moved forward its plans to list on a stock exchange to the last quarter of 2017 and its controlling Chinese investor was willing to cut its stake to below 50 percent in the initial public offering (IPO). The company was delisted from the Milan bourse in 2015, where its shares had traded since 1922, following a mandatory offer launched by an investment vehicle ...

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