27
October
2006
|
09:06
Europe/Amsterdam

Pirelli: sale of 1.92% of Capitalia concluded for approximately 333 million euros

PIRELLI: SALE OF 1.92% OF CAPITALIA CONCLUDED FOR APPROXIMATELY 333 MILLION EUROS

Milan, 26 October 2006 - Pirelli & C. SpA, following up on its communication of 28 September, announces that it has today concluded the sale of its 49,689,476 Capitalia shares (about 1.92% of the share capital) for a total amount of approximately 333 million euros.

The shares, which were offered with the right of first refusal to the parties to the Capitalia Shareholders' Agreement for a consideration of about 6.6993 euros per share, were acquired by: ABN Amro Group (24,606,761 shares), Fondazione Manodori (6,612,508 shares), Fondiaria SAI Group (10,041,915 shares), Cinecittà Centro Commerciale SpA (4,535,779 shares), Fininvest SpA (3,204,468 shares) and Fineldo SpA (688,045 shares).