Italy rules Pirelli's Chinese investor Sinochem did not breach 'golden power' rules
Italia
MILAN :Italy's government has determined that Sinochem, the largest shareholder in Pirelli, did not violate "golden power" measures imposed in 2023, the tyre manufacturer said on Monday. Chinese involvement in the historic Italian company has been a sensitive issue in recent months, as Pirelli's second-largest shareholder, Camfin, argued that it threatens its ambitions to expand in the United States. Washington is tightening restrictions on Chinese technology in the automotive sector, banning
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