Pirelli’s Board Rejects Cyber Tyre Unit Spin-Off Plan

Pirelli & C. SpA’s board rejected a proposal by its largest shareholder to spin off its Cyber Tyre activities at a directors’ meeting on Thursday, according to a statement confirming...

By Daniele Lepido · Bloomberg Markets

Pirelli & C. SpA’s board rejected a proposal by its largest shareholder to spin off its Cyber Tyre activities at a directors’ meeting on Thursday, according to a statement confirming an earlier Bloomberg News report.