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.