Will Pirelli's shareholder agreement with Sinochem be renewed?

No, Pirelli's top investors Camfin and Sinochem are not planning to renew their shareholder agreement, which is set to expire soon.

What is Italy's 'golden power' legislation regarding Pirelli?

Italy's 'golden power' legislation allows the government to intervene in strategic companies like Pirelli to protect national interests and autonomy.

How will the lapse of the agreement affect Pirelli's U.S. expansion?

The lapse of the agreement and potential government intervention aim to remove obstacles and facilitate Pirelli's crucial expansion into the U.S. market.

Home / Business and Economy / Pirelli's Chinese Shareholder Faces Italian Govt Scrutiny

Pirelli's Chinese Shareholder Faces Italian Govt Scrutiny

15 Jan

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Summary

Pirelli's top investors, Camfin and Sinochem, will let their pact lapse.
Italian government may limit Sinochem's influence over Pirelli.
This move aims to aid Pirelli's crucial U.S. market expansion.

Pirelli's Chinese Shareholder Faces Italian Govt Scrutiny

Pirelli's primary investors, Italy's Camfin and China's Sinochem, are not planning to extend their shareholder agreement, which is scheduled to expire on May 17, 2026. This development is poised to trigger further government action from Italy, which has previously intervened using 'golden power' legislation to protect strategic national assets like Pirelli.

The Italian government is assessing measures to manage Sinochem's substantial stake and influence, potentially restricting its steering capabilities to facilitate Pirelli's expansion into the United States. This strategic shift is driven by concerns that a strong Chinese state-backed presence could create hurdles in the U.S. automotive sector amidst increasing technological restrictions.

Rome's intervention aims to ensure Pirelli's operational independence and competitive edge in key international markets. Options being considered by the government and Sinochem, which has hired advisors, reportedly include a potential sale of its significant stake, signaling a pivotal moment for the tyremaker's corporate structure and global strategy.