UPDATE 1-Pirelli pulls listing plans for tyre business

Newswire

(Adds details) MILAN, June 30 (Reuters) - Italy's Pirelli has decided against listing its tyre business on the market, the latest company to abandon plans for a public offering due to weak investor demand following last month's market downturn. In a statement on Friday, Pirelli blamed poor market conditions for its last-minute decision. The statement confirmed a comment made minutes earlier to Reuters by a financial source. Pirelli said it would nevertheless be able to meet its ...

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