China's CNC-owned Pirelli to sell 40% stake in Milan market comeback

China's CNC-owned Pirelli to sell 40% stake in Milan market comeback

A Pirelli's logo is pictured at its headquaters in Milan, March 26, 2015. REUTERS/Giorgio Perottino

Italian tyremaker Pirelli, bought by state-owned China National Chemical two years ago, will sell up to 40 percent of its capital in an initial public offering as it plans to return to the Milan stock exchange in October.

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