Mediobanca to sell Pirelli stake

ERJ staff report (BC)

By Lisa Jucca

Milan – Italian investment bank Mediobanca is ready to gradually exit its 4.6 percent stake in tiremaker Pirelli as well as other strategic holdings, a source with direct knowledge of the situation is reported by Lisa Jucca of Reuters to have said.

The Milan-based bank, which owns stakes in some of Italy’s biggest companies, will present a new business plan to focus on its banking business and “break with years of meddling in Italy’s top corporate developments”.

Shrinking returns amid a deep…

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