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Pirelli wants to add 500 million euro credit line

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Pirelli Tyre SpA is looking to arrange a five-year multi-currency line of credit for 500 million euros.

The line would allow Pirelli Tyre to improve its financial structure and boost its flexibility, say Pirelli officials.

Credit is expected to be arranged through BNP Paribas and Banca Monte dei Paschi di Siena, they add.

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