Newswire

Pirelli to decide on IPO terms based on prospectus

MILAN, June 29 (Reuters) - Italy's Pirelli said on Thursday it would decide on the size and price of the listing of its tyre business, Pirelli Tyre, according to the terms of the prospectus.

Pirelli issued the brief statement after an Italian newspaper reported that it could reduce by 10 percent the bottom end of the listing's indicative price range.