London Stock Exchange Listing For Pirelli?

Pirelli is reported to be moving its group treasury operations and investor relations activities to London – seen as a move to an eventual listing on the London Stock Exchange. This reflects the growing international nature of the group, with the Italian market now accounting for 13% of annual revenue. Chairman Marco Tronchetti Provera is reported as saying that he wants to expand the group, with analysts suggesting that any acquisitions would be in high-technology areas such as telecoms and energy.