REFILE-UPDATE 1-ChemChina gave up Pirelli control to show its market friendly face - Pirelli CEO

MILAN, Sept 18 (Reuters) - State-owned China National Chemical Corp (ChemChina) will give up control of Pirelli as part of the Italian tyremaker's return to the bourse to show Beijing has a market friendly approach to investments in Europe, Pirelli's chief executive said on Monday.