Negative
26Serious
Neutral
Optimistic
Positive
- Total News Sources
- 2
- Left
- 1
- Center
- 1
- Right
- 0
- Unrated
- 0
- Last Updated
- 6 hours ago
- Bias Distribution
- 50% Center
Sinochem Reported Considering Premium-Only Sale of 37% Pirelli Stake Amid Governance Dispute
China's Sinochem is considering selling its 37% stake in Italian tyre maker Pirelli, a move influenced by ongoing governance disputes and pressure from the U.S. regarding Chinese influence. The Italian government recently ruled that Sinochem did not violate "golden power" regulations designed to protect Pirelli's autonomy, fostering a more cooperative dialogue aimed at resolving shareholder tensions. Sinochem is open to offers but insists on a fair market premium, and partial stake sales are seen as the most likely scenario. The dispute primarily involves Sinochem and Camfin, an investment vehicle holding 27.4% of Pirelli and linked to executive vice chairman Marco Tronchetti Provera, with concerns that Chinese ownership hampers Pirelli's U.S. expansion amid tightening restrictions. The Italian government is actively mediating to adapt governance structures to new regulations and maintain Pirelli's competitiveness. While Sinochem views itself as a long-term investor, it is now engaging with the government to explore solutions, including potential stake sales or other arrangements.


- Total News Sources
- 2
- Left
- 1
- Center
- 1
- Right
- 0
- Unrated
- 0
- Last Updated
- 6 hours ago
- Bias Distribution
- 50% Center
Negative
26Serious
Neutral
Optimistic
Positive
Stay in the know
Get the latest news, exclusive insights, and curated content delivered straight to your inbox.

Gift Subscriptions
The perfect gift for understanding
news from all angles.