Pirelli’s Chinese shareholder Sinochem said on Monday it had put forward a “structured solution” to end a governance dispute with the tyre maker’s Italian investor Camfin.
The announcement was made as the Italian government assesses options to limit Sinochem’s influence over Pirelli, or even turn it into a passive shareholder, in a bid to ease the tyre maker’s US expansion.
Beijing-controlled Sinochem is Pirelli’s largest shareholder with a 34.1 per cent stake while Camfin, the vehicle of…
China’s Sinochem says it has proposed a ‘solution’ to end governance dispute over Pirelli
