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Banks Interested in Pirelli Tyre – Reports

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(Akron/Tire Review) AFX has reported that a group of seven banks that had helped manage Pirelli SpA’s failed tyre group IPO are in talks to buy a 35 per cent share in Pirelli Tyre. According to the report, the banks are Mediobanca SpA, Goldman Sachs, Banca Intesa SpA unit Caboto, Capitalia SpA, JP Morgan, Merrill Lynch, and Morgan Stanley. Pirelli SpA offered no comment to Italian news source AGI concerning the speculation.

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