14 Mar 2006
Milan, Italy -- Following its annual results conference, Pirelli said, "The Board of Directors ... decided to launch the plan to float Pirelli Pneumatici SpA on the Milan Stock Exchange, while continuing to maintain the majority stake of the company in the possession of Pirelli & C SpA.
The control of the international affiliates now under Pirelli Tyre Holding NV will be transferred to Pirelli Pneumatici SpA. Market conditions permitting, completion of the project is expected by summer 2006.
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