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UniCredit ready to sell stake in Pirelli

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The CEO of UniCredit SpA, Alessandro Profumo, has said the bank is ready to sell its 1.6 per cent stake in Pirelli & C SpA, the Italian daily Il Sole 24 Ore reported. According to Profumo, the bank intends to keep the stakes until Pirelli’s shareholder syndicate expires in 2010. However, UniCredit is ready to sell before those dates if syndicate members are interested in buying, Profumo added.

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