Italian Banks Reportedly Selected to Lead Pirelli IPO

(Akron/Tire Review) Italian banks Mediobanca and Banca Intesa will likely be chosen to lead the initial public offering (IPO) of Pirelli’s tyre unit, according to a Reuters report, though an official decision has not yet been made. Goldman Sachs will advise on the deal, the report stated. Sources also suggested that the Pirelli tyre unit could be listed by this summer.