China's Silk Road Fund selling 9% stake in Italy's Pirelli through ABB

China's Silk Road Fund selling 9% stake in Italy's Pirelli through ABB

FILE PHOTO: A tyre produced by the Italian company Pirelli is on display at a dealership in Moscow, Russia, March 23, 2023. REUTERS/Maxim Shemetov/File Photo

China’s Silk Road Fund is selling its 9% stake in Italian premium tyre maker Pirelli through a so-called accelerated book building (ABB) procedure, a bookrunner said on Wednesday.