‘Pirelli is in peril’: Pressure rises over Chinese grip on Italian tyremaker

[ad_1] Many in Italy were aghast when tyre tycoon Marco Tronchetti Provera sold Pirelli, one of the crown jewels of the country’s manufacturing sector, to ChemChina in a $7.7bn takeover…

Italy rules Pirelli’s Chinese top investor Sinochem cannot choose CEO

[ad_1] ROME: Italy’s government has ruled that China’s Sinochem cannot designate the chief executive of Pirelli despite being its main shareholder with a 37% stake, the Italian tyremaker said on…