MILAN, April 14 (Reuters) - Italy's Pirelli & C REal Estate SpA said on Tuesday that it had no plans to demerge its real estate funds and sell them.
Pirelli RE, which is controlled by Pirelli & C SpA tyre group, was responding to a La Repubblica newspaper report that cited banking sources as saying a fund demerger was being studied as part of Pirelli RE's capital increase plan.
'Pirelli RE, for its part, denies categorically that operations or even plans of this type are under study,' the company said.
La Repubblica said on Tuesday that a possible option was for Assicurazioni Generali SpA, which is active in real estate, to acquire part of Pirelli RE's real estate funds, citing the banking sources.
