Italy Working with Pirelli, Shareholders Over Chinese Investor’s Role

Italy’s government said on Monday it was working “constructively” with Pirelli and its investors, as it seeks to help the tyre maker resolve a governance dispute that has weighed on the company in recent years.

Rome said it wanted to ensure Pirelli – which has complained that its main shareholder, state-backed Chinese group Sinochem, hampers its U.S. expansion plans – remains competitive in all of its markets and comply with changed rules there.