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Pirelli Buy Back Deal Today Say Reports

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Italian newspaper La Stampa has reported that Pirelli SpA may announce today that it has repurchased a 38.9 per cent stake in its tyre operations.

The newspaper said Pirelli will pay 440 million euros in cash and assume 400 million in debt to reacquire the portion of Pirelli Tyre that it sold to a group of six banks in 2006. (Tire Review/Akron)

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Conti Announces PCR & LCV Tyre Price Increases Pirelli Buys Back 38.9% Share in Tyre Division

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