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Apr 5, 2023

Italy Reviews Limiting China’s Sinochem Influence Over Pirelli

Italy is studying ways to curtail the influence of China’s Sinochem on tire maker Pirelli SpA , Bloomberg News  on Tuesday, citing people familiar with the matter.

Sinochem is Pirelli’s largest shareholder, with a 37% stake. Italian officials are discussing several options as part of talks with Pirelli investors over the company’s ownership structure, the report said.

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