UPDATE 2-Italy's CIR says to spin off, list non-media units

Newswire

(Adds quotes from conference call, details) MILAN, July 31 (Reuters) - Italian industrial holding company CIR plans to spin off its non-media units and bundle them into a new company to be listed on the Milan bourse. The new company would comprise CIR's businesses in the areas of utilities, auto components, healthcare and financial services, CIR said on Thursday, confirming a report in Italian daily La Stampa. CIR, the industrial holding group of Italy's De Benedetti family, added it ...

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