Italy's Brembo starts sale process for its 5.6% Pirelli stake

Brembo NV

01/10/2024 17:03

MILAN, Oct 1 (Reuters) - Premium brakemaker Brembo
 BRBI.MI  said on Tuesday it was starting a process to sell its
entire stake, worth around 5.6%, in tyre maker Pirelli
 PIRC.MI .
    The sale will be performed through a so-called 'accelerated
book building' (ABB) process, which will start "immediately",
the Italian company said in a statement.
    

 (Reporting by Giulio Piovaccari; editing by Valentina Za)
 ((giulio.piovaccari@thomsonreuters.com))