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flag Italy and Pirelli may reduce Sinochem’s stake due to U.S. pressure over Chinese influence in critical tech.

flag 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. flag 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. flag Italian investor Camfina has voiced worries that Sinochem’s ownership is a barrier. flag Pirelli has proposed a stake sale, and Sinochem has hired BNP Paribas to explore options, possibly open to selling at a premium. flag However, no official confirmation has been given, and the situation remains under discussion with no public statements from Pirelli, Sinochem, or the Italian government.

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