If implemented, it would reduce Sinochem’s holding from roughly 34% and reclassify the Chinese group as a passive investor, significantly curbing its influence. The Italian government, which considers Pirelli a strategic asset, would welcome such an outcome, the people said. It is facilitating the talks and has been seeking a solution to the prolonged standoff between the company and Sinochem, the people added. Italy has already intervened to curb Sinochem’s governance powers under its so-called golden power regime. Two months later, at the company’s annual general meeting, Sinochem failed to block approval of the company’s annual financial statements.

Source: The Edge Markets January 07, 2026 14:40 UTC