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…
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