UPDATE 2-Pirelli pulls plans to list tyre business

Newswire

(Adds quotes, details, share price, background) By Elisabetta Andreis and Gilles Castonguay MILAN, June 30 (Reuters) - Italy's Pirelli & C on Friday abandoned plans to list its tyre business, becoming the latest company to withdraw a public offering after a market downturn put off investors from new share issues. Pirelli blamed poor market conditions as well as the latest share price performance of Pirelli Tyre's peers for its decision, which was taken on the final day of ...

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