Latest news with #SinochemInternational
Bloomberg
6 days ago
- Business
- Bloomberg
Italy Seeks to Limit China's Ownership of Critical Companies
Italy's government is considering plans to curb Chinese investors' holdings at key companies to avoid tensions with the US at a time when tariffs and a strong euro are challenging Italian exporters. Prime Minister Giorgia Meloni's efforts would involve firms that are considered strategic, both privately held and state-controlled, Bloomberg News is reporting this week from Rome. Examples include tiremaker Pirelli, where China's state-owned Sinochem International has a 37% holding.
Bloomberg
12-06-2025
- Business
- Bloomberg
Pirelli's Chinese Owner Votes Against Results, Escalating Clash
Pirelli & C. SpA's biggest shareholder, Sinochem International Corp., escalated a clash among the Italian tiremaker's owners by voting against the approval of last year's financial results. The Chinese group was the only shareholder that didn't approve the 2024 report at a shareholder meeting in Milan on Thursday, according to a press release. The annual report was approved with 57% of the votes.
Bloomberg
11-06-2025
- Business
- Bloomberg
Italy Delays Decision on Probe Into Chinese Influence at Pirelli
Italy is delaying a decision on whether Pirelli & C. SpA 's largest investor, state-backed Sinochem International Corp., breached rules designed to limit China's influence over the tire manufacturer. Giorgia Meloni's government extended the deadline for an administrative ruling by 60 days to July 31, because the 'considerable amount of information gathered requires careful assessment,' according to a document seen by Bloomberg.
