Pirelli Can Buy Tyre Unit ‘In Reasonable Timeframe’

Speaking at the launch of the Pirelli’s new Cinturanto tyre, Pirelli group chairman Marco Tronchetti Provera reiterated his intention to repurchase the 39 per cent stake in its tyre unit that was sold in group of banks for 740 million in 2006. “There is room to achieve a price that would be satisfactory…within a reasonable timeframe,” Tronchetti Provera told journalists.