Pirelli-Annual results16

Pirelli completes global offering of shares

Milan, Italy –  Marco Polo International Italy SpA and Pirelli & C. SpA have completed their global offering of Pirelli shares aimed at listing them on the Mercato Telematico Azionario stock exchange.

Upon completion of the global offering, Pirelli said the capitalization of the firm, calculated on the base offer price, will be about $7.64 billion (€6.5 billion). Pirelli also will hold about 650 million shares, equal to 65% of the total share capital.

The firm said in a 3 Oct news release that the global offering…

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