Pirelli consortium wins contest for Italy's Fintecna real estate

MILAN (Thomson Financial) - Pirelli & C Real Estate SpA said its consortium has won the contest organised by Italy's state-owned Fintecna Immobiliare to buy four major real estate assets in Rome. The deal will see the formation of a joint venture in which Fintecna Immobiliare will hold a 50 pct stake. Of the remaining share, Pirelli RE will have 35 pct, Italy's Fingen will own 35 pct and Gruppo Maire 30 pct.