Sinochem executives on Pirelli board may be in breach of Italian rules
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 08 2024
0mins
Source: Reuters
Italy's Investigation into Pirelli: The Italian government is investigating whether Sinochem executives on Pirelli's board violate measures aimed at protecting the company's autonomy, as Sinochem holds a significant 37% stake in Pirelli.
Government Regulations and Trade Tensions: Italy has implemented "golden powers" to limit foreign influence in strategic companies, coinciding with rising trade tensions between China and the EU, which recently imposed tariffs on Chinese electric vehicles.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
