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Italy and Pirelli may reduce Sinochem’s stake due to U.S. pressure over Chinese influence in critical tech.
Italy and Pirelli are reportedly considering steps to reduce or eliminate Sinochem’s 34.1% stake amid U.S. pressure over Chinese influence in critical tech sectors, including automotive.
New U.S. rules set for March could block Chinese-backed vehicle hardware and software, raising concerns in Rome about Pirelli’s U.S. expansion.
Italian investor Camfina has voiced worries that Sinochem’s ownership is a barrier.
Pirelli has proposed a stake sale, and Sinochem has hired BNP Paribas to explore options, possibly open to selling at a premium.
However, no official confirmation has been given, and the situation remains under discussion with no public statements from Pirelli, Sinochem, or the Italian government.
Italia y Pirelli podrían reducir la participación de Sinochem debido a la presión estadounidense sobre la influencia china en tecnología crítica.