Pirelli Board Looks to Reduce Chinese Owner Sinochem's Stake
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Pirelli & C. SpA may push main investor Sinochem to cut its stake in the Italian tiremaker as its board of directors looks to distance the company from China.
The Pirelli board will meet Wednesday to discuss Chinese conglomerate Sinochem's 37% shareholding, following a request by Italian regulators, according to people familiar with the matter, who asked not to be named discussing a private matter.
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